Detroit 48213 Portfolio: 3 Asset Same Block Rental Liquidation 11,7% Cap Rate
I am liquidating a personal, localized rental portfolio on the East Side of Detroit in the high-yield 48213 zip code. This is an off-market opportunity tailored for investors looking for immediate scale, clear operational efficiency, and a double-digit yield.
All three single-family assets sit on the exact same block. This rare cluster instantly cuts property management, maintenance, and vacancy logistics in half.
The Financial Breakdown:
• Asking Price: $240,000 for the 3-property block bundle
• Gross Monthly Rent: $3,600+ ($1,200+ average per unit, $200 below market rate)
• Gross Annual Income: $43,200
• Estimated Net Operating Income (NOI): $28,080
• Portfolio Cap Rate: 11.7%
The Assets & Construction Setup:
• Layout: All three homes feature the identical, highly rentable 3-Bedroom / 1-Bathroom footprint.
• Composition: 2 solid brick homes and 1 frame home, clustered on the same street.
• Occupancy: 100% tenant-occupied with active, stable leases and verified payment ledgers. No immediate rehab or tenant-placement downtime.
• Mechanicals: Updated plumbing, updated HVAC, and solid roofs across the portfolio. Standard driveway/street parking layout.
• Property Rights: Clear titles and warranty deeds ready for immediate transfer.
Why This Fits the Out-of-State Model:
Coastal and Sunbelt markets have highly compressed yields, but this portfolio easily clears the 1% rule. Because these properties are already stabilized, an out-of-state investor can experience a seamless turnkey transition on Day 1, taking over active leases and transferred security deposits without the risk of coordinating remote rehabs.
Transaction Terms:
• Cash, line of credit, or hard money only.
• Direct, assignment-free transaction (I am the deeded owner).
• Sold 100% As-Is with clear title guaranteed at closing.
Serious direct buyers and turnkey acquisition desks only. Proof of funds required for full address disclosure and tenant ledger review.

