One short answer is the University of Michigan. Low vacancy rates, relatively high lease rates and ongoing demand, all contribute to the attractiveness of owning residential income property in Ann Arbor. With the seasonal flow of thousands of students and an equally impressive number of faculty and university employees, the demand for housing is unmistakable. Also, it should not be overlooked that Ann Arbor is ranked 3rd in the country as a tech hub, attracting tech entrepreneurs and industry giants alike. Ann Arbor’s multi-family income property owners can expect their properties to be consistently occupied if buildings are well maintained and offer Ann Arbor residents the proximity to their needs and interests.
If you are interested in personalized recommendations on how to grow your income property portfolio, contact our office to speak with a broker at (734)663-0501 or firstname.lastname@example.org. – Mike Giraud, Associate Broker