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

Detroit (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 Detroit building is to be leased, the lessee can be responsible (most likely) for all the upkeep and service charges related to the Detroit (MI) apartments or condominiums.

Detroit rental properties make a great investment income, but having to pay large down payments for Detroit (MI) property can eat up capital you may need for future repairs or Detroit (MI) property improvements and developments, by utilizing a master lease option you can save the up-front costs, build equity into your Detroit (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 Detroit (MI) property for any bank holding or liens.