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You can see this sale in the Wayne County property record here:

Virginia Park Property Record

(If your browser asks to download it, you can safely or change the settings on your browser to just open.)


Here is the link online to the webpage version of the exact email I sent to you on 10/26/2014.

Detroit apartment building opportunity 2014


But, you may say, I do not know how much renovations they put into the property.  At that time I viewed every single unit in the building and I also had a local contractor give me a detailed renovation estimate after inspecting the entire building.  I also had the roof inspected by a commercial roofer.


The estimated repairs were $650 for each occupied unit and a full rehab of each vacant unit at $8200/unit. The roof needed patching and repair at a cost of $3200.  So, the total estimated renovations would be as follows:

$8200 * 9 = $73,800
$650 * 12 = $7800
Roof repair = $3200

Total renovation costs = $98,368

You can see the exact detailed renovation and cash flow calculations and projections I sent to interested parties at that time here:

Virginia Park calculations


Why do I tell you all this?  Because I currently have several new value-add commercial income property opportunities for which I am considering new partners. They are all located in Michigan or Arizona and have upside similar to these past two deals.  Most of them are unlisted.


apartment opportunity
rv park opportunity

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PassionRight Properties LLC is registered in Arizona.
PassionRight Properties is a registered company in Alberta, Canada.