Investment Summary
13418 Kilbourne is part of the 29 Pack Portfolio purchased in the summer of 2025. The property has a standardized acquisition price of $52,000 with related acquisition costs, with $5,000 allocated toward capital improvements.
At acquisition, the property rented for $625/month. The current tenant has lived in the property for 8 years. After-acquisition rent is now $1,525/month.
Property Overview
Purchase Price: $52,000 with related acquisition costs
Capital Expenditure Planned: $5,000
Original Rent: $625/month
Current Rent: $1,525/month
Square Footage: 938~ sq. ft.
Bedrooms / Bathrooms: 2 bed / 1 bath
Construction: Brick
Neighborhood Analysis
13418 Kilbourne is located in Detroit’s Eden Gardens area, across from East English Village and Grosse Pointe that include family-friendly nearby amenities such as the below.
- Along the I-95 corridor
- 5-minute drive to Tim Hortons on East Warren Avenue
- 6-minute drive to Grace Supermarket
- Directly across from Chandler Park
Comparable Sales
The realtors’ comparable sales list includes:
14274 Kilbourne Street, Detroit, MI 48213-1566, sold for $49,500.
Property values are unstable as of 2025 to 2026, and the team has decided to give this property a very low valuation also based on the fact that the current tenant has lived in the property for a while. While the market corrects itself, the fund is sitting on an extremely high cash-flowing asset with solid bones. It is worth noting that since this time, the comparable, 14274 Kilbourne, was most recently sold for $125,000 in January 2026.
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.
This material is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy securities in Mutual Trust Management Advisors, LP. Any offering of securities is made only to verified accredited investors pursuant to Rule 506(c) of Regulation D under the Securities Act of 1933. The financial projections, including estimated cash-on-cash returns and property valuations, are forward-looking statements based on current assumptions. These figures are not guarantees of future performance. Real estate investments involve inherent risks, including the potential loss of principal. Past performance is not indicative of future results.