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Updated over 3 years ago,
Communal Co-Living Vacancy
Hello,
My partner and I are interested in a communal co-living property located on the outskirts of Detroit, MI. This property was a duplex converted into an 8 bedroom with each of the rooms leased separately. Currently there are 5 rooms rented with 2 rented for 1 year leases and 3 on month to month leases. Does anyone have experience with this type of property and any insight on what to estimate for vacancy?