SFR Acquisition #1: 6190 Harvard Street, East English Village – Property Overview

6190 Harvard Street is a single-family brick home located in Detroit’s East English Village neighborhood.

– Property Address: 6190 Harvard Street, Detroit, Michigan 48224
– Acquisition Date: August 8, 2024
– Purchase Price: $68,000 plus closing and acquisition costs
– Initial Capital Expenditure Budget: $35,000
– Initial After-Repair Value Estimate: $150,000–$155,000
– Initial Rent Estimate: $1,200 per month

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Fund Overview and Q & A

 

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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