Detroit Investors -- A Question (???)

[Scott Mac]

I see a lot of Detroit investors working with Single Family Homes, duplexes, tri's and quads, but very little about larger buildings.

Online I see so many of these neglected 1920's brick buildings, without windows, boarded up, spray panted, debris all around.

Is there a reason these don't get fixed and flipped like the houses do?

Really bad areas, mortar degenerated to dust, wood floors rotting out, local people don't like living in them when there fixed up; What(???)

 I'd assume they could be bought for pennies, are the areas low rents making the rehabs non-profitable?

Why are they just sitting un-fixed-up while Single family homes get the bulk of the attention.

Any input on this is appreciated.

Also, I did a quick mock-up of one I found online--it would definitely be a lot of work to get that many units back up and rented.

It looks like 30 or so units.