16608 Fenmore — Project Complete
Fenmore block: roof deck, spray-foam attic, and furnace upgrade. C of O issued; investor reporting filed with warranty packet.
Book a Call to Learn MoreLegacy fund & FIF context
Fajr Fund I is closed — the snapshot below is historical documentation. For the current offering, minimums and illustrative targets, review Current Offering or book an intro call.
Portfolio data updated quarterly
Representative Detroit single-family assets from the Fajr Fund I pipeline—status, scope notes, and milestones below are illustrative demos for website presentation.
Brick ranch acquired Q1 2025. Full-gut interior, new mechanicals, and kitchen expansion. GC on site 4 days/week; rough electrical passed inspection March 18.
Clear title closed February 12. Comps in the 1,050–1,180 sq ft range support a value-add rental hold. Permits filed for roof, windows, and HVAC replacement.
Full interior and exterior refresh closed November 2024. Final punch list signed off; winterization and lease marketing completed. Utility averages documented for investor pack.
Fix-and-flip cycle: acquisition September 2023, sale closed January 2025. Net proceeds distributed per waterfall; full cost reconciliation in portal.
Structural sill repair and open-plan main level underway. Drywall hung on second floor; cabinets on order (lead time 5 weeks). Weekly photo log uploaded for LPs.
Cosmetic-heavy renovation delivered under budget. New LVP throughout, kitchen refresh, and basement moisture remediation with transferable warranty.
Bungalow with detached garage. Foundation epoxy injection completed; siding tear-off starts next week. Arborist cleared two rear trees for fence line.
Turnkey renovation including new roof deck, spray-foam attic, and high-efficiency furnace. HERS score improvement documented for green incentive filing.
Two-story colonial; lead-safe RRP protocols on all window replacements. Masonry repointing on front elevation; new front porch footings poured April 2.
Brick Tudor with original hardwoods under carpet—confirmed in pre-demo probe. Survey and environmental phase I clean; closing wired March 28.
Post-inspection credit negotiated for roof sheathing. Winter hold strategy: secure, heat on low, bi-weekly winterization checks per cold-weather SOP.
Post-rehab lease-up in 23 days. Tenant screening: income 3.1x rent, no prior evictions. Security deposit and first month held in statutory escrow.
Portfolio composition figures are illustrative. Final verified data to be provided by Fajr Fund management and updated upon fund reporting cycle.
Renovation progress, property walkthroughs, investor tours, and market commentary — a window into active portfolio management.
Fenmore block: roof deck, spray-foam attic, and furnace upgrade. C of O issued; investor reporting filed with warranty packet.
Book a Call to Learn More
Commentary on Detroit single-family market conditions, neighborhood activity, and how current dynamics are influencing Fajr's acquisition pipeline and hold strategy.
Read Market Commentary
Founder Nabil Syed introduces the Fajr Fund model, Detroit real estate strategy, and investment philosophy in this short video overview.
Watch Intro
A plain-language breakdown of what goes into a renovation scope, how costs are estimated and managed, and what it means for the asset's long-term performance.
Read ResourceCurrent and prospective investors can access detailed reporting, documents, and portfolio updates through the Investor Portal after completing the intro process.