Fringe Areas in Detroit

[Account Closed]

Hey all,

If you are in the local Detroit market, such as myself, and looking into investing into real estate, the recent amount of appreciation around Corktown, Riverfront, Cass Corridor, Woodbridge, and by the Wings new arena may be a little disheartening, but there is always opportunity. 

I wanted to get everyone's two cents about the fringe areas to purchase and flip or even just hold right now. It seems popular opinion that Sherwood Forest and the University District by U of D seem to be good spots, but I've noticed from driving through and inquiring that the majority of properties in those areas seem to be a little too high from what I think is a solid investment if you were to add rehab costs.

Any insight on good fringe areas for rehab or where to invest?

Nick

[Christopher Grobbel]

Hi Nicholas,

I would take a close look at Morningside, East English Village, and SW/Mexicantown.  I think these are some areas with neighborhoods that held up "relatively" well during the bankruptcy and will be part of the next wave to see serious investment.  

Good luck with your search, please let us know what information you find.