Madison Heights is another of the many charming cities, villages and townships that calls the Oakland County area home, and is brimming with investment property opportunities. From apartment homes and condominiums to single family homes there are ample investment properties for the prospective real estate mogul to take advantage of in Madison Heights. As the economy begins stabilize and home values in the Oakland County area are on the rise, it is no wonder that some people are looking to acquire multiple investment properties while they can. And while real estate investments can be incredibly lucrative, one is still left with the insufferable task of the day to day management of these investment properties. This in and of itself can quickly become a full time job. Most of us do not have time for such tasks due to family life, careers and our homes we have little time left for managing investment properties. From general upkeep and maintenance to compliance and adherence to the laws and regulations that govern rental properties, it can be quite overwhelming at times.
Situated east of Royal Oak and Clawson is the city of Madison Heights, Michigan. This suburb of Detroit sits at the intersection of I-696 and I-75 making it very easy to get around town or even downtown. Whether you’re looking for a spot that’s not too far from work, that’s ideal for the growing family or is close to many great features of the metro Detroit area, you should check out Madison Heights. One of the many draws to Madison Heights is its park and summer festivals that has a lot of people from all over town visiting and shopping.
Right next door is the city of Royal Oak which features boutique shops and stores as well as a thriving entertainment vibe thanks to its two movie theaters, the Royal Oak Music Theater and Mark Ridley’s Comedy Castle. If you’re looking to dance the night away or just meet up with friends for a drink, you’ll find there are restaurants, bars and clubs aplenty. If you want to escape to downtown Detroit for a sporting event, you’re only twenty minutes from where the Tigers, Lions and Red Wings play.
Known as “The City of Progress”, Madison Heights is a great place for owning and operating a business or just calling it home. No wonder it has a consistent occupancy rate of near 90%.
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