SFR Acquisition 1: 6190 Harvard Street in the Highly Desirable East English Village

SFR acquisitions
  • Property Address: 6190 Harvard Street, Detroit, Michigan 48224
  • Acquisition Date: August 8, 2024
  • Acquisition Price: $73,860
  • Capital Expenditures (CapEx): $35,000
  • After Repair Value (ARV): $150,000 to $155,000 (conservatively)  See Comp 1, Comp 2, Comp 3.
  • Potential Rent: $1,200 per month (conservatively)
  • Simple Cash-0n-Cash Return Esimate:  9%+

6190 Harvard is a charming brick building located in the highly sought-after East English Village neighborhood, just north of Grosse Pointe.

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Fund Overview and Q & A

About the Fund

 

Fund Overview

  • Fund Size: Targeting $100 million to invest in underappreciated residential properties, real estate loans, and high-yield opportunities.
  • Minimum Investment: $50,000 (one Unit), with the possibility of accepting smaller investments at the General Partner’s discretion.
  • Investment Strategy: Focused on acquiring and renovating properties in and around Detroit, MI area, offering single family residentials (SFR) and multi-family investments, and alternative high-yield strategies.
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