Investment Summary
This property is part of the 29 Pack Portfolio acquired in 2025, with a standardized purchase price of $52,000 and a total projected basis of about $67,000 after closing costs and planned capital expenditures.
10649 Meuse is currently rented at $450/month, which is below market for the area. We expect to stabilize the property at $850/month, reflecting meaningful income upside once the property is turned and repositioned.
Property & Overview
The property is a 3-bedroom, 1-bath single-family home with approximately 954 square feet of living space.
It is a brick home located on a mostly brick residential block. While the property is generally well-kept, it requires moderate improvements to reach full rental potential.
Location & Accessibility
The property is located in the rising Morass Morang neighborhood right next to East English Village.
- Surrounded by similar single-family housing
- Accessible to everyday amenities and suburban local services, including Pointe Fitness & Training Center and Royal Fresh Market
Comps
- 11718 WAYBURN Street Detroit, MI 48224-1688 sold for $100,000
- 11243 LAKEPOINTE Street Detroit, MI 48224-1605 sold for $79,000
We expect the tenant to stay for a while longer. The updated rent of $850 is still nowhere near the full potential of this house. We will time the rent raises from here to see if the current tenant can support market rent. The house is in extremely well-kept condition thanks to the current resident.
