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27060020
27060021

22137 Gascony Ave, Eastpointe, MI 48021

Livian
Listed by Livian
$3,101,750
280 days on market
Updated 71 days ago

Project Motor City

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Units 31
Cap Rate 9.12%
NOI $255,279
Occupancy 95%
Class C
Investment Type Stabilized

35-Home Stabilized SFR Portfolio | Metro Detroit | 9.12% Cap Rate

Marketing description

Presenting a stabilized 31-home single-family rental portfolio in the revitalizing Metro Detroit market. With 95% occupancy, strong in-place cash flow, and exposure to a city showing its first population growth since the 1950s, this portfolio offers investors immediate income with long-term appreciation upside. Metro Detroit continues to benefit from rising home values (+18% YoY median sale price) and healthy rental growth (+3–4% YoY), driven by major employers such as Ford, Stellantis, GM, Rocket Companies, and Henry Ford Health.

All interested operators must schedule a discovery call with Deal Lead Rick Venetico before receiving the full home tape (after NDA execution).

Schedule a call here: https://calendly.com/rick-venetico-place/30min

Investment highlights

Investment Highlights

  • Total Units: 31 SFR homes

  • Occupancy: 95% stabilized

  • Composition: Primarily 3 Bed / 1 Bath homes

  • Median Year Built: 1943

  • Section 8 Units: 4

  • Median Rent: $1,075

  • Annual Revenue: $409,500

  • Annual Expenses: $154,224

  • Asking Price: $3,101,750

  • Cap Rate: 9.12%

  • Market Growth: Detroit population +12,487 YoY (2024); median home price +18% YoY (Aug 2025)

  • Rent Growth: Metro Detroit average $1,526 (+3.1% YoY); City of Detroit average $1,339 (+3.6% YoY)

All interested operators must schedule a discovery call with Deal Lead Rick Venetico before receiving the full home tape (after NDA execution).

Schedule a call here: https://calendly.com/rick-venetico-place/30min


Listing Contacts

Livian
Listed by Livian

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$255,279.00
$21,273.25/mo

Valuation Metrics

0
DSCR
8.23%
Cap Rate
8.23%
ROI

Map

Zoning

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R-1 ResidentialSingle FamilyLow Density Residential
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Last updated Feb 20, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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