Uncover the Opportunities
Located in the heart of Detroit, MI, 17310 Bentler is a 14-unit multi-family residence that is 95% rehabilitated, spanning 7,860 square feet and situated on an 11,979 square foot lot. Within reach of parks, malls, and churches, this property is ideal for families seeking connection, convenience, and community.
Tenant Move-In Schedule
The first tenants will be moving in as of October 1, and we expect all tenancy to be stabilized by November 1. Some tenants are under application review. When a building is rehabbed, not all tenants will move in at the same time – this is normal and intentional to ensure that each tenant can be catered to by our welcome team. We have allocated a $5,000 marketing budget to rent the remaining units and attract top quality tenants.
Rent payments will start as of October 1, and increase as tenancy increases throughout the month.
Strategic Rehabilitation and Progress
17310 Bentler has been substantially rehabilitated, with new flooring, kitchen cabinets, fresh paint, updated electricals, new plumbing, water heater and tanks, heating, and roof. We have allocated a budget of $40,000 to finish the project. Some minor work remains to be completed inside, although the building is move-in ready as-is. Some tenants are under application review. We have allocated a $5,000 marketing budget to rent the remaining units and attract top quality tenants. The targeted annual return of 9.71% is conservative, and we believe we will achieve a better return as new tenants are selected. This is a solid investment with potential growth in the near future.
The extensive rehabilitation ensures that the lasting attractiveness of Bentler will be sustained, making it a desirable residence for tenants and maintaining its appeal for the foreseeable future.