We are pleased to present the exclusive offering of the Genesee County Scattered-Site Residential Portfolio — a collection of approximately
60 single-family rental homes concentrated in the City of Flint and surrounding Genesee County communities. Offered at $2,750,000, or roughly $41,045 per home, the portfolio represents a rare opportunity to acquire institutional scale in a single, scattered-site transaction at a basis well below replacement cost. The portfolio is held across six ownership entities (1104 Houses LLC, 1105 Houses LLC, 1106 Houses LLC, Court Street Inc, TDM Inc, and Mas-Tan Inc) and is being offered free and clear through a court-appointed receiver, providing a clean, motivated, and clearly defined disposition process. The homes are clustered within a compact geographic footprint, allowing a single property management platform to operate the entire portfolio efficiently. Acquired at this basis, the portfolio offers a value-add investor durable, affordable workforce housing in a market where rents have risen sharply — Flint rents increased roughly 11.8% year-over-year through mid-2026 — yet remain about half the national median, leaving meaningful room to push in place rents toward market and grow both cash flow and value.
Genesee County, anchored by the City of Flint, is a core Mid-Michigan market roughly an hour north of Detroit and 30 minutes from the state capital region. The local economy spans healthcare (Hurley Medical Center, McLaren Flint), higher education (University of Michigan–Flint, Kettering University, Mott Community College), advanced manufacturing, and logistics, supporting a deep base of workforce-housing renters. The rental market has tightened materially. Median rents in Flint reached approximately $950 per month as of mid-2026, up about 11.8% year-over-year, among the stronger growth rates in the state. Despite that increase, Flint remains one of the most affordable markets in the country — rents sit roughly 50% below the national median of about $1,950 — a structural affordability advantage that supports stable occupancy and ongoing rent growth.
