Detroit Multi Family

[Kyle Mitchell]

Hi everyone,

I'm new to the Multi Family space and am looking at the Detroit market to start investing in apartment buildings of 80+units or more. Looking for B to C+ neighborhoods with rents in the $700-1000 range.  I wanted to get some feedback on how that market is in this space. Obviously there are goods and bads to every market, but I've heard a lot of mixed messages about Detroit. I know there is a revitalization underway but also still some very bad areas. I'll be flying out there in the next 10 days to take a closer look myself but wanted some feedback from anyone that can help.

Thanks!

Kyle