
43 UNITS | BUILT 2003
38227 Schoenherr Road | Sterling Heights
Property Description
Plumbrook Green Townhomes offers a well-maintained, quiet community located in the heart of Sterling Heights, a thriving suburban area within Macomb County. With excellent access to major highways like I-75 and I-696, residents enjoy seamless connectivity to the greater Detroit area, including nearby employment hubs, shopping centers, dining options, and entertainment venues. This prime location is minutes away from The Mall at Partridge Creek, and key employers such as Stellantis, GM, and Henry Ford Health System.
Built in 2003, Plumbrook Green is a two-story community of 48 townhomes. Of these, 43 townhomes are included in the investment offering as rental units, while five are individually owned condominiums and not part of the sale. The rental units feature two-bedroom, one-and-a-half-bath townhome floor plans of approximately 1,250 square feet, each with a private one-and-a-half-car garage, basement for additional living or storage, in-unit laundry, and well-designed interiors with modern finishes.
Plumbrook Green’s tranquil setting is complemented by private, spacious units that offer privacy and convenience. The community’s attractive location, combines with its large townhome floor plans and competitive rents, makes it an ideal choice for families, young professionals, and anyone seeking a comfortable, peaceful place to call home.
- Property Name
- Address
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- Built
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- Average SF:
- Average In-Place Rent / SF:
Amenities
- Central Heating and Air Conditioning
- Private One-and-a-Half Car Garage
- Private Basement
- In-Unit Washer / Dryer
- Prime Retail and Entertainment Access
- Nearby Major Healthcare
- Recreation and Schools
Investment Highlights
Proven rent upside:
In-place rents trail market; recent renovations achieved $200+ monthly premiums, setting up a clear path to >$100,000 annual NOI growth.
95%+ occupancy:
Historically high occupancy demonstrates consistent tenant demand and operational stability.
True value-add:
37 of 43 units are classic and primed for modern upgrades, with $235/unit achievable rent boosts post-renovation.
Development potential:
Additional on-site land offers long-term opportunity for new building/pad development to increase density and asset value.
Strong demographics:
Located in a mature, high-income submarket with $72,866 median HH income and $230K median home value.
Core location:
Steps from M-59 “Golden Corridor,” top local employers (Stellantis, GM, Henry Ford Health), major retail, and new mixed-use development.
Limited new supply:
Submarket pipeline is light—only 36 units delivered in past year, one notable 68-unit project under construction—minimizing risk of oversupply.
Townhome product:
All units have private garages, basements, and laundry—highly desirable for families and professionals in this submarket.
Strong demographics:
Located in a mature, high-income submarket with $72,866 median HH income and $230K median home value.
LOCATION
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contact us
Detroit Office
260 East Brown Street, STE 150
Birmingham, MI 48009
Phone: 248.646.7701
Berkadia.com
Investment Sales
Kevin P. Dillon
Senior Managing Director
248.341.3309
[email protected]
Jason Krug
Senior Managing Director
248.341.3344
[email protected]
Corey Krug
Senior Director
248.341.3338
[email protected]
Rick Brace
Senior Director
248.341.3319
[email protected]
Conor David
Director
614.796.0222
[email protected]
EJ Wujek
Associate Director
248.341.3316
[email protected]
Mortgage Banking
Peter Benedetto
Senior Managing Director
248.208.3462
[email protected]
Jillian Maki
Director
248.208.3465
[email protected]
Plumbrook Green Townhomes
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
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