SFR Acquisition #8: 20054 G. Street – Suburban Comforts Just Steps Away

Uncategorized

Acquisition Summary:

Property Detail: 3BR 1BA Brick Ranch
Acquisition Date: August 30, 2024
Acquisition Price: $45,000
Capital Expenditures (CapEx): $30,000
Potential Rent: $1,000
After Repair Value (ARV): 95,000 (conservative)

Some of the challenges that Detroit residents face are the lack of suburban comforts, such as access to good public schools and fresh food supermarkets. While the City of Detroit is nowhere near a food desert, the MTAM acquisitions team always looks for prime areas with better access to resident amenities.

This property is located near 8 Mile Road, just south of the Charter Township of Royal Oak.

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SFR Acquisition #7: 14552 A. Street, A Gem in Rosedale Park Neighborhood

SFR acquisitions

Update: October 1, 2024
In just one month since acquisition, the property is already listed for rent. This quick turnaround demonstrates our ability to create value rapidly and capitalize on our in-house expertise.

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Acquisition Summary:

Property Detail: 3BR 1.5BA Bungalow
Acquisition Date: August 30, 2024
Acquisition Price: $65,000
Capital Expenditures (CapEx): $35,000
Potential Rent: $1,200
After Repair Value (ARV): 150,000

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SFR Acquisition #6: 16234 P. Street – Unlocking Value Through Execution

SFR acquisitions

This is a 3 bed 1 bath, 1,400 square feet brick colonial with substantial after-repair-returns in sight. It is situated within the Hubbell-Puritan neighborhood, on a solid brick street, and is very close to a sizable fresh food supermarket, the Greenfield Market.

One of the MTMA fund managers brings extensive property management expertise. By the time the Team has a property that is being presented, all the relevant details such as the repair quote, potential rent, and nearby comparables, are at the fingertips of the underwriting team, directly from the property management side.

This property was acquired mid-renovation, and the team will take over to complete the repairs.

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Multifamily Acquisition #1: 2000 and 3000 Block E.C. Street – Time to Show Some Real Muscle

Multifamily acquisitions

Acquisition Summary:

 

  • Property Detail:  2 buildings, 14 units
  • Acquisition Date: August 27, 2024
  • Total Acquisition Price: $364,000
  • Capital Expenditures (CapEx): $30,000 per door
  • Potential Rent: $900 per door
  • After Repair Value (ARV): To Be Created

This is Michiko from Mutual Trust Management Advisors LP.

Today, I want to show you what sets this Fund apart from other residential real estate funds, and how we really unlock value through our strategic acquisitions.

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