27 Monday Jul 2015
Posted in Commercial Real Estate, Featured Listing, Investment, Offices
Bela Sipos of Reinhart Commercial has two smaller free-standing buildings listed for sale. One is good for an owner/user, the other as an investment property. Located in Manchester and Canton, Michigan.
1450 SF Building on Main St in quaint Manchester, Michigan. Good for a number of uses. Currently used by a catering business. View details.
Brick, 3570 SF Office Building on Canton Center Rd, just North of Ford Rd, Canton, Michigan. 100% occupied with 5 long-term tenants. View details.
04 Thursday Sep 2014
Posted in Affordable Housing, Cities, Commercial Real Estate, Community
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Due to high demand for rentals in Ann Arbor, tenants are paying more this year and can’t dally in making a decision or the property will be taken.
Reinhart Property Manager, Cathy Petchell says, “There has been high demand for single family rental homes and condos this past Spring/Summer. This high demand has boosted rental rates higher this year than in the past years. Properties in the best condition, priced competitively haven’t stayed on the open market long and usually had multiple applications. Spring and Summer tend to be the busiest months for rentals with the market slowing down over fall and winter.”
Ann Arbor’s median and average rent for 2013 will be released this month from the Department of Numbers. Vacancy is at an all-time low.
Rents are also rising in other mid-sized cities. Nashville, Tennessee has rentals increases up 18% since 2009 and more than half of households renting in the Nashville metro area are paying more than 30% of their income to rent.
With the rents rising, rentals are seen as a good investment and Mega-Investors are buying up properties in targeted cities with potential for price appreciation.
Source: Ann Arbor News
Source: Wall Street Journal
Source: Realtor Magazine
28 Thursday Aug 2014
Posted in Announcement, Commercial Real Estate, Featured Listing
Over 2 acres with a 1932 SF house used as an investment/rental property. Also located on the property is a 1200 SF auxiliary building used as an office/shop. Current R-4 Zoning allows for a variety of uses. Property is very well located to major thoroughfares, yet the feel of privacy is obvious. Good for investment or owner of a business to use as a home office.
Ypsilanti Township R-4 Zoning allows for:
Listed by Amy Freundl, (734) 669-5904
Reinhart Commercial 