19625 Conant is closely situated to the crossroads of Dequindre and E. Outer Drive. This property is minutes from the I-75 Freeway and 8 Mile road. This makes living at Conant extremely attractive to tenants as it cuts down on commuting times substantially and is also near multitudes of bus options and half a mile from Imperial Supermarket. 19625 Conant was built in 1958 and consists of 24 units; 23 one-bedrooms and 1 two-bedroom. Attractive features of this property include gated entry to the parking lot, balconies and on-site coin laundry.
The City of Detroit is not only Michigan’s largest city, but also the seat of Wayne County, whose population exceeds 1.8 million. Detroit is the major cultural, financial and transportation center in the Metro Detroit area and serves as the major port on the Detroit River connecting the Great Lakes system to world markets. In 2010, the city had a population 713,854 and was ranked as the 18th most populous city in the United States. The Detroit-Windsor area, a critical commercial link straddling the Canada-U.S. border, has a total population of about 5.7 million.
Over the course of the last few years, the City of Detroit has seen a major revitalization of its downtown and it’s only a matter of time until this growth extends into the outlying areas. As of late, rental rates in the downtown area are reaching levels that are consistent with other major metropolitan areas and are an excellent indicator of this market’s potential for multifamily investors.