Investment Overview
13658 Capitol was acquired as part of the 29-property portfolio at a purchase price of $52,000, with capital improvements bringing the total basis to approximately $62,160.
The property was initially rented for $700 per month. Following acquisition, the team was able to increase rent to $1,250 per month, creating a strong income profile relative to its basis. With stabilization already achieved, the asset is projected to generate a yield above 14% during the first year, subject to any future tax increases.
Property Overview
This is a 3-bedroom, 1-bathroom single-family home offering approximately 764 square feet of living space.
The property required approximately $20,000 in capital expenditures at closing, primarily to address a roofing issue identified prior to acquisition. With those improvements completed, the home remains occupied and continues to contribute stable day-to-day performance within the portfolio.
Location
Located in the Paveway area near the Jeffries Freeway (I-96), the property benefits from convenient access to grocery stores, restaurants, and other daily necessities.
Residents are within a short drive of Larry’s Market Inc (4 minutes), Food Giant (6 minutes), and Superland Market (7 minutes). DMC Sinai-Grace Hospital is located approximately 9 minutes away, supporting both accessibility and employment opportunities in the area.
The property benefits from a convenient location that supports tenant demand and long-term occupancy stability.
Closing Perspective
Capitol represents a stabilized, income-producing asset with strong rent relative to basis and consistent operating performance. Its location within an established residential area and immediate contribution to cash flow make it a solid addition to the portfolio.
Comparable Sales
13650 Thornton Street, Detroit, MI 48227 sold for $111,000.
Based on nearby comparable sales, the property may have the potential to achieve a valuation near $110,000 following repairs. MTMA remains conservative on its current as-is valuation and continues to prioritize stable cash flow while the tenant remains in place.
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.