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

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

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