Professional · Canton, MI · Member since 2016 · 296 posts · 230 votes
Curious to see what the Bigger Pockets take on property in Old Town Plymouth, MI is. Personally, I'm torn.
With the other part of Plymouth booming, I could see buyers shifting their focus that way. It's less expensive, has plenty of cute houses, and it's still walkable to downtown. On the other hand, it's a bit grittier at this point, is close to the trains, and is less accessible in terms of getting to/from the major roads.
Property Manager · Metro Detroit, MI · Member since 2008 · 305 posts · 362 votes
9y
Originally posted by @Account Closed:
@George P.@Keith Jourdan - I heard through the grapevine that the developer of those big, modern apartments on Main/Plymouth Road near Old Town is having a very difficult time filling that place up.
I used to live on Mill st for 5 years lol. Your right it has a much more gritty feel then the high end downtown Plymouth. A lot of rentals in old village is the reason for this . I really enjoyed living there , beside the trains being VERY loud . I could see it becoming more trendy in time and prices becoming a little closer to what the other side of the tracks command.
that large apartment development is asking top dollar. $2300 for 2 bed units !? That's a mortgage on a $400k house in downtown Plymouth.
its amazing what has happened to prices in that area. I remember when they built the daisy square lofts 10 or so years ago, they were selling new for $110k, now they are $300k
Professional · Canton, MI · Member since 2016 · 296 posts · 230 votes
9y
@George P.@Keith Jourdan - I heard through the grapevine that the developer of those big, modern apartments on Main/Plymouth Road near Old Town is having a very difficult time filling that place up.
Property Manager · Metro Detroit, MI · Member since 2008 · 305 posts · 362 votes
9y
Originally posted by @Account Closed:
@George P.@Keith Jourdan - I heard through the grapevine that the developer of those big, modern apartments on Main/Plymouth Road near Old Town is having a very difficult time filling that place up.
I used to live on Mill st for 5 years lol. Your right it has a much more gritty feel then the high end downtown Plymouth. A lot of rentals in old village is the reason for this . I really enjoyed living there , beside the trains being VERY loud . I could see it becoming more trendy in time and prices becoming a little closer to what the other side of the tracks command.
that large apartment development is asking top dollar. $2300 for 2 bed units !? That's a mortgage on a $400k house in downtown Plymouth.
its amazing what has happened to prices in that area. I remember when they built the daisy square lofts 10 or so years ago, they were selling new for $110k, now they are $300k
Rental Property Investor · Plymouth, MI · Member since 2016 · 49 posts · 0 votes
9y
Starting to see some action in Old Village area. Since the Starkweather Lofts started going up it seems investors/developers are taking interest. Has me excited!
Starting to see some action in Old Village area. Since the Starkweather Lofts started going up it seems investors/developers are taking interest. Has me excited!
It's a great area . I'd love to find a nice 2-4 unit for a reasonable price. Everything that comes up is asking A LOT
Professional · Canton, MI · Member since 2016 · 296 posts · 230 votes
9y
@Keith Jourdan@Mario DeGrazia seems like a lot people think that their ppsqft in Old Town should be close to regular downtown Plymouth simply because it's also in the City of Plymouth. Thing is, they're two completely different areas.
Rental Property Investor · Plymouth, MI · Member since 2016 · 49 posts · 0 votes
9y
Keith Jourdan Yea prices are high specially considering the ones that are for sale or do end up going for sale will need rehabs too. We actually own 3 properties in the area and all 3 will required work. It's still possible to find cash flowing properties I feel though.