Fix&Hold (Portfolio): 10 Single Family Homes, East Village, Detroit, MI + $310,000
- Promise Land Realty
- Jul 16
- 5 min read
Single Family Investment Opportunity
Price
$310,000
Off-Market Detroit East Village Portfolio
10 Homes + Development Lot | Fix-and-Hold Rental Opportunity
Package Purchase Price: $310,000
An exceptional opportunity to acquire a concentrated portfolio of 10 residential properties and one additional land parcel in and around Detroit’s East Village area. This package is ideal for an experienced investor, construction operator, or capital partner looking to create a substantial rental portfolio at an attractive basis.
Rather than acquiring scattered properties one at a time, this offering provides immediate scale, operational efficiency, and the opportunity to renovate multiple homes under one coordinated construction and property-management strategy.
Portfolio Overview
10 residential properties
One additional land parcel
Mix of single-family homes and duplexes
Several large homes exceeding 2,000 square feet
Approximately 23,846 total residential square feet
Combined projected renovation budget: approximately $1,458,700
Combined estimated after-repair value: approximately $2,657,540
Package purchase price: $310,000
Estimated acquisition and renovation basis: approximately $1,768,700, before financing, holding, closing, and other project costs
Potential gross equity spread based on the supplied projections: approximately $888,840
Included Properties
Property | Style | Approx. Sq. Ft. | Estimated ARV |
3513 Bewick Street | Duplex | 2,526 | $227,340 |
2979 Garland Street | Bungalow | 1,586 | $198,000 |
3505 Harding Street | Two-Story | 3,460 | $325,000 |
2602 Harding Street | Two-Story | 2,058 | $200,000 |
3069 Harding Street | Duplex | 2,308 | $230,800 |
3465 Hurlbut Street | Two-Story | 2,388 | $238,800 |
2547 Harding Street | Two-Story | 2,426 | $242,600 |
2961 St. Clair Street | Bungalow | 1,116 | $145,000 |
2229 St. Clair Street | Two-Story | 2,104 | $235,000 |
3095 St. Clair Street | Two-Story | 1,278 | $165,000 |
3066 Montclair Street | Land Parcel | 3,124 SF lot | $450,000 projected value* |
*The projected land value should be independently verified based on the intended development plan, zoning, entitlements, and market conditions.
Why This Portfolio Works as a Fix-and-Hold Strategy
The strongest long-term opportunity may be to renovate, stabilize, and hold the properties rather than selling everything immediately. The portfolio contains a combination of duplexes and larger single-family homes that may support multiple rental strategies, including traditional long-term rentals, voucher-supported housing, and larger family rentals.
The concentration of properties along Harding, St. Clair, Hurlbut, Bewick, Garland, and Montclair can help an investor reduce operational costs by coordinating contractors, material purchases, inspections, leasing, maintenance, and property management across one geographic area.
Several homes were built with the scale and architectural character that are difficult and expensive to reproduce today. Once properly renovated, the portfolio could become a recognizable collection of quality rental housing rather than a group of unrelated individual projects.
Full Spreadsheet: https://docs.google.com/spreadsheets/d/1HQQ98wt4ySOd9wPOkruwgALo5JAeTjm7/edit?usp=sharing&ouid=100985692148024461359&rtpof=true&sd=true
Location Advantages
The East Village area offers convenient access to Detroit’s east-side employment, commercial, recreational, and residential corridors. The properties are positioned within reach of Downtown Detroit, the Detroit River, Belle Isle, the Jefferson Avenue corridor, Indian Village, West Village, and the Grosse Pointe communities.
For a rental investor, this location creates the potential to serve residents seeking more space and affordability while remaining close to major parts of the city. The neighborhood’s established street grid, traditional housing stock, proximity to major roadways, and surrounding revitalization activity make this a compelling area for a patient investor with a long-term vision.
Value-Creation Opportunity
Based on the supplied estimates, the portfolio has a combined projected ARV of approximately $2.66 million. At a package purchase price of $310,000, an investor has the opportunity to acquire the real estate at a low initial basis and direct the majority of the project capital toward improvements.
The renovations can potentially be completed in phases:
Begin with the properties requiring the least work or offering the clearest path to occupancy.
Lease the completed homes to begin generating cash flow.
Use stabilized properties to support refinancing or additional construction capital.
Continue renovating the remaining homes in manageable groups.
Develop, hold, or strategically sell the Montclair land parcel based on the investor’s broader plan.
This structure may allow the buyer to build both rental income and long-term equity, while retaining the flexibility to sell selected properties after renovation to recover capital.
Partnership Opportunity
We are seeking a qualified investor or operating partner who understands Detroit real estate and can bring the construction capacity, capital, or management experience needed to execute the portfolio’s full potential.
This could be structured as a straightforward acquisition or as a partnership in which the parties combine sourcing, construction oversight, capital, leasing, refinancing, and long-term portfolio management. The objective is not simply to renovate and resell houses—it is to create a meaningful portfolio of improved Detroit rental properties with substantial projected value upon stabilization.
Offered at $310,000 for the complete package.
Property details, renovation estimates, rental projections, title information, taxes, zoning, square footage, and ARVs should be independently verified by the buyer. Properties are being offered off-market and are subject to prior sale, withdrawal, or modification.
Property Map
EAST VILLAGE
TEAM PROMISELAND DISCLAIMER: No one is permitted to market, advertise, or distribute this listing without express written permission or verified membership within the TEAM PROMISELAND network. Unauthorized use or sharing of this opportunity, photos, or property information will result in a $500 fine per incident, enforceable by law.
All off-market properties are sold As-Is, Where-Is. Buyer is responsible for conducting their own due diligence. Properties are conveyed via warranty deed, and Promiseland Realty LLC is selling its assignable contractual interest.
Proof of Funds is required with all offers. Earnest Money Deposit (EMD) is due within 48 hours of accepted offer. All closings are facilitated through a licensed title company or closing attorney.
Realtors & Brokers: You are welcome to bring a buyer — please add your fee on top of our asking price.
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Trusted by 50,000+ Investors. Featured on BiggerPockets:
PROMISELAND DISCLAIMER:
Promiseland Realty LLC is a nationwide real estate consulting firm specializing in off-market investment opportunities, strategic acquisitions, and real estate advisory services.
No one is permitted to market, advertise, or distribute this listing without express written permission or verified membership within the TEAM PROMISELAND network. Unauthorized use or sharing of this opportunity, photos, or property information will result in a $500 fine per incident, enforceable by law.
All off-market properties are sold As-Is, Where-Is. Buyer is responsible for conducting their own due diligence. Properties are conveyed via warranty deed, and Promiseland Realty LLC is selling its assignable contractual interest.
Proof of Funds is required with all offers. Earnest Money Deposit (EMD) is due within 48 hours of an accepted offer. All closings are facilitated through a licensed title company or closing attorney.
Realtors and Brokers: You are welcome to bring a buyer — please add your fee on top of our asking price.
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