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Updated about 18 years ago,

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45
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Commercial Real Estate Investing

Michigan's rental market...

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Posted

If you lived in Michigan and found a 20+ unit apartment building in Detroit (or close by) that...

-has a positive cash flow
-is rented at below market rent
-has a cap rate greater than 10%
-relatively good shape
-Occupancy is above 90%
-Price/unit is below $30,000

...would you buy it if you had the funds/financing to do so?

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