Why buy one Detroit rental when you can acquire TWO occupied, income-producing properties at a $27,000 package discount?
We're offering:
Abington Ave, Detroit, MI 48227
AND
Laing St, Detroit, MI 48224
Together for a newly reduced package price of:
$140,000
Both properties are already occupied and generating rental income.
No major upfront renovation required to begin collecting existing rent.
No searching for tenants before generating income.
Documented rental payment histories.
Existing leases and security deposits.
Potential long-term appreciation and retail exit opportunities.
At the new package price, investors are acquiring an existing rental income stream at approximately 4.77 times annual gross rent.
THE PORTFOLIO AT A GLANCE
PROPERTY 1 — ABINGTON AVE
3 Bedrooms | 1 Bathroom
Approximately 986 SF
Current Rent: $1,294/month
Annual Gross Rent: $15,528
Security Deposit: $1,620
Occupied
Lease through October 31, 2026, then month-to-month
Working ARV: $105,000–$115,000
PROPERTY 2 — LAING ST
3 Bedrooms | 1 Bathroom
Approximately 1,272 SF
Current Rent: $1,150/month
Annual Gross Rent: $13,800
Security Deposit: $1,150
Occupied
Lease through approximately May 2027
Working ARV: Approximately $130,000
Some public sources report higher square footage for Abington. Buyer to independently verify.
THE NUMBERS — NOW AT $140,000
Combined Monthly Rent: $2,444
Combined Annual Gross Rent: $29,328
At the reduced $140,000 acquisition price:
20.95% Gross Annual Rent Yield
1.75% Monthly Rent-to-Purchase-Price Ratio
4.77× Gross Annual Rent Multiplier
$27,000 Savings Compared to Individual Asking Prices
16.17% Package Discount
These figures are calculated using existing contractual rental amounts before property taxes, insurance, repairs, maintenance, vacancy, management, capital expenditures and other operating expenses.
This isn't a speculative package requiring two full renovations before rental income can begin.
These are two functioning rental properties with tenants already in place.
PROPERTY #1 — ABINGTON AVE
3 BED | 1 BATH | BRICK | BASEMENT | GARAGE
Current Rent: $1,294/Month
Annual Gross Rent: $15,528
Security Deposit: $1,620
A recent third-party inspection found major components generally in good condition.
Property highlights include:
Furnace manufactured in 2022
Water heater manufactured in 2021
Poured-concrete foundation generally in good condition
Windows appearing recently updated
Serviceable roof with an estimated 5+ years of remaining serviceability at the time of inspection
Deferred items were primarily maintenance and cosmetic in nature, including paint, gutter/downspout maintenance, vegetation, bathtub refinishing, driveway cracking/unevenness and limited flooring wear. Some older galvanized supply piping remains.
The property also passed its October 2025 annual Section 8/HQS inspection.
Payment records show a $0 outstanding balance as of September 16, 2026, with regular $1,294 rent charges and payments reflected on the ledger and a $1,620 security deposit held.
Working ARV: $105,000–$115,000
This property provides the higher existing monthly rental income of the two assets.
PROPERTY #2 — LAING ST
3 BED | 1 BATH | APPROX. 1,272 SF | OCCUPIED
Current Rent: $1,150/Month
Annual Gross Rent: $13,800
Security Deposit: $1,150
The existing lease runs through approximately May 2027, providing an established tenant and contractual rental income.
Tenant responsibilities include:
Gas
Electric
Water/Sewer
The tenant ledger reflects a $0 balance as of August 25, 2026, a $1,150 security deposit held and documented July and August rental payments.
The property has also been inspected, with no significant immediate repair items reported to us.
For investors evaluating a future retail exit, Laing offers potential value-add upside.
WORKING ARV: APPROXIMATELY $130,000
Recent area sales include:
11365 Whitehill St — $144,999 | 3 Bed / 1.5 Bath | 1,405 SF | Sold January 2026
11323 Lansdowne St — $133,282 | 3 Bed / 1.5 Bath | 1,397 SF | Sold April 2026
11250 Courville — $145,000 | 3 Bed / 1 Bath | 1,074 SF
11675 Laing St — $120,000 | 4 Bed / 1 Bath | 1,073 SF | Same Street
We're carrying a working ARV of approximately $130,000 rather than relying on the highest retail sale in the area.
For a future retail exit, we're estimating approximately $15,000–$25,000 in cosmetic updating, subject to buyer inspection and confirmation of scope.
WHY BUY THE PACKAGE?
TWO PROPERTIES. TWO TENANTS. ONE REDUCED PRICE.
Approximate individual asking prices:
ABINGTON: $89,500
LAING: $77,500
COMBINED: $167,000
NEW PACKAGE PRICE: $140,000
TOTAL PACKAGE SAVINGS: $27,000
That's a 16.17% discount from the combined individual asking prices.
At $140,000, you're acquiring two occupied Detroit rental properties producing $29,328 in existing annual gross rent.
That's a 20.95% gross annual rent yield at acquisition.
And instead of concentrating the entire investment in one property, the package provides exposure to two different Detroit submarkets.
Potential investment strategies include:
Hold both properties for ongoing rental income.
Make improvements over time while maintaining rental operations.
Evaluate future rent increases where legally and contractually permitted.
Renovate and retail one or both properties when appropriate.
Both Occupied | Existing Leases | Documented Payment History | Inspection Information Available | Potential Value-Add and Retail Upside
COMBINED INDIVIDUAL ASKING PRICES: $167,000
BUY BOTH FOR $140,000
SAVE $27,000 WITH THE PACKAGE
PRICE JUST REDUCED — $140K FOR TWO OCCUPIED DETROIT RENTALS GENERATING $2,444 PER MONTH IN EXISTING RENT.
These properties are under a cross-contingent seller contract and must close simultaneously. The package is being offered together and priced accordingly.
Contact Lucas for leases, ledgers, inspection information, photos, access and additional due-diligence documentation.
Buyer to independently verify all property information, including condition, square footage, bed/bath count, leases, rents, payment history, security deposits, tenant status, subsidy/program status where applicable, utilities, taxes, insurance, repairs, ARV, comparable sales, title and all other information material to the investment decision. Working ARVs and repair estimates are not guaranteed. Historical payment records and inspections do not establish current tenant payment status or property condition.
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Figures from the seller unless a line says otherwise. Verify before you close.
