When a landmark property hits the market, real estate investors take notice. When it hits the market at a potential $10 million loss, we really take notice. That’s exactly what’s happening with the Alden Towers, a historic 389-unit apartment building on Detroit’s east riverfront. As reported by Crain’s Detroit, the property is listed for $25 […]
You found it! The perfect rental. And you can’t believe your luck: It’s in the perfect area, so spacious, and the rent is a steal. Maybe $200 less than everything else you’ve seen in the neighborhood. You message the landlord. They’re “super eager to get you moved in ASAP!” They just need a deposit sent […]
Michigan is facing a significant housing shortage. But how bad is it really? According to real estate expert Michael Perna, who recently appeared on Fox2Detroit, the numbers are stark. He says that data from the Census Bureau and the Southeast Michigan Council of Governments shows “we’re short 50,000 to 60,000 houses right now today in […]
For years, the American dream was a white picket fence. Now, for a growing number of people, it’s a well-maintained rental with a responsive landlord. Across the country, we’re seeing a tenant boom. Homeownership is getting delayed, while the pool of long-term renters is expanding. This trend is hitting Metro Detroit hard. More people are […]
AI photos for home listings: Is it just us, or are these insanely annoying?! Whether you’re an investor trying to assess the real condition of a home from three states away, or a tenant trying to imagine moving into a new place, AI photos have become a bit of a minefield. We’re not talking about […]
The Motor City has officially joined the prestigious Michelin Green Guide, an accolade that recognizes top cultural, artistic, and historical destinations. This puts Detroit back on the map alongside iconic cities like New York, Chicago, and San Francisco, highlighting its undeniable growth and renewed appeal to international travelers. For real estate investors, this new spotlight […]
Detroit’s Boston-Edison neighborhood is known for its historic mansions, exclusivity, and high property values. So, when a $19.7 million affordable housing project opens in this area, it’s fairly newsworthy. The Cathedral Arts Apartments, a mixed-use development across from the Cathedral of the Most Blessed Sacrament, is redefining what affordable housing can look like in Detroit. […]
Two long-vacant apartment buildings in Detroit’s Piety Hill neighborhood are getting a new lease on life. The Kingsley Arms and Lee Arden buildings have both been fully renovated, adding 88 units of affordable housing to the area. Nestled just north of Wayne State University, Tech Town, and Midtown—and flanked by the historic Boston-Edison neighborhood to […]
Detroit is often considered alongside other Midwestern cities, like Cleveland, Cincinnati, and Indianapolis, when rental investors are considering where to buy property next. That’s because all of these metropolitan areas share some key attributes that make them perfect for buy-and-hold investors: Affordable house prices Strong rent-to-price ratios Steady demand from tenants But Detroit has something […]
Metro Detroit is having another moment. And no, this isn’t one of those breathless “Detroit is back!” headlines that disappear six months later. This time, the shift is quieter. More practical. More data-driven. Investors are still chasing the usual questions. Which cities make sense? Which neighborhoods cash flow? Where does appreciation quietly do the heavy […]