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Updated about 2 years ago,
Pros and Cons of investing in Port Huron, Michigan?
I noticed a number of members from Port Huron, Michigan and I'm throwing this post out to any Port Huron or Michigan investors. I recently purchased a small seasonal rental in Lexington, Michigan (a beach town), and have been seeing alot of very good-looking deals in two-family homes near the Hospital and College campus in Port Huron: two-flats for under $70K, (average rents for 1/1 $550; for a 2/1 $650-750) low taxes, recent capital improvements, BUT, I've also read alot of negative forums regarding crime, and the crime statistics for Port Huron are WAY higher (in certain parts of the City) than either the Michigan or the national average.
Anybody have any insight into what's going on in Port Huron, Michigan? I spent alot of time driving around over the summer and it appears that it's experiencing a mini-boom, lots of old downtown storefronts, formerly vacant, now open with new businesses, a California company purchasing the local hospital (presumably for expansion), a very large community college, etc.
Is it too good to be true? Why all the landlords unloading property so cheaply?