Alpena (MI) commercial apartment / condominium building for lease, Alpena (MI) commercial real estate for lease or rent

Alpena (MI) apartment and condo buildings are sometimes great investments as they can be leased in part or in whole to a single tenant or several tenants. If the whole Alpena building is to be leased, the lessee can be responsible (most likely) for all the upkeep and service charges related to the Alpena (MI) apartments or condominiums.

Alpena rental properties make a great investment income, but having to pay large down payments for Alpena (MI) property can eat up capital you may need for future repairs or Alpena (MI) property improvements and developments, by utilizing a master lease option you can save the up-front costs, build equity into your Alpena (MI) property and finance via bank loans at a later date. Have a good lawyer write up your real estate contract to protect your future plans, and research the Alpena (MI) property for any bank holding or liens.