Investment Summary
This property is part of the 29 Pack Portfolio acquired in 2025, with a standardized purchase price of $52,000 plus related acquisition costs.
10649 Meuse was originally rented at $450/month. The rents were raised to $850 after acquisition. The property is a 3-bedroom, 1-bathroom single-family home with approximately 954 square feet of living space.
Property & Overview
The property is a brick home located on a mostly brick residential block. While the property is generally well-kept, it requires moderate improvements, and a CapEx of $15,000 is factored in at acquisition.
The home has 3 bedrooms and 1 bathroom with approximately 954 square feet of living space.
Location & Accessibility
The property is located in the Morass Morang neighborhood next to the highly-popular East English Village and offers a range of amenities nearby.
- Surrounded by similar single-family housing
- Accessible to everyday amenities and local services, including Pointe Fitness & Training Center and Royal Fresh Market
- 6-minute drive to Henry Ford Hospital
Comparable Sales
The comparable sales for this property include:
- 11718 Wayburn Street, Detroit, MI 48224-1688, sold for $100,000
- 11243 Lakepointe Street, Detroit, MI 48224-1605, sold for $79,000
The property is currently occupied, and the current resident has kept the house in extremely well-kept condition.
The comparable sales utilized are provided for reference only. They may differ from the subject property in condition, interior features, renovations, size, occupancy, and other characteristics. When the subject property is occupied, its interior condition and features may not be directly comparable to those of vacant properties. When the property is a value-add, the repair quote is a forward projection that may or may not apply. Any value indicated based on these comparable sales is a guidance and should not be considered a definitive valuation across time.
Disclaimer
This article is for educational purposes only and does not constitute investment, legal, or tax advice. It is not an offer to sell or a solicitation to buy securities. Any investment opportunity should be evaluated only through the applicable offering documents and with the advice of each investor’s own professional advisors.