Built and maintained with a commitment to stability, these homes feature long-term tenants, inspection-ready conditions, and disciplined operational oversight—resulting in consistent cash flow and minimal turnover.
The portfolio is available as a turnkey package for $13,650,560. To facilitate a seamless handover, the seller will provide six months of post-closing management support.
This is a rare opportunity to acquire a large, well-performing portfolio in a market with strong rental demand. Snapshot:
* Ownership & Hold History: Single owner; each asset held ≥8 years, continuous operations and records.
* Curated Premium Subset: Top-condition, inspection-ready homes selected for turnkey handoff.
* Scale & Geography: ~97 doors clustered across Wayne County (Detroit/Downriver) for operational efficiency.
* Residency: High occupancy with long-tenured residents; tenancy months by asset in the workbook.
* Rents: In-place ~10–15% below market by design to preserve tenure and minimize turns.
* Turnover Economics: Typical make-ready ~$6,000 per vacant turn; Turnover Reserve modeled so rent-lift reflects true cost.
* Underwriting Hygiene: Taxes rebased; insurance normalized; management 8%; R&M 6%; explicit Turnover Reserve; presented as In-Place (T-12) vs Pro-Forma Yr 1.
* Unit Standards: BSEED/HQS-ready; each home includes fridge, stove, washer, dryer, and A/C.
* Operations: In-house crews, line-item scopes, change-control discipline; 6-month post-close management available.
* Diligence Package: Fact summary attached; full Excel (property-level data, T-12, PF Yr-1); comps; before/after gallery available.