101129 . 41 Home SFR Detroit, MI - Availability Details

Detroit is the largest and most populous city in Michigan and has an estimated population of 670,031 people. The city is located on the United States-Canada border and at the seat of Wayne County. It is a major port on the Detroit River, one of the four major straits that connect the Great Lakes system to the Saint Lawrence Seaway. The Detroit metropolitan area, often referred to as Metro Detroit, is home to 4.3 million people, making it the second-largest in the Midwest after the Chicago metro area. Upon Henry Ford’s assembly line creation in 1910 in Highland Park, mass production was revolutionized and catalyzed Detroit’s growth and industrialization. Thanks to the accessibility of the Great Lakes and railways, automobile producers could refine their industry and elevate Detroit from a second-tier industrial city to a worldclass city earning the nickname “the Motor City or Motown.” It is still home and headquarters to the “Big Three” automobile manufacturers General Motors, Ford, and Fiat Chrysler. Today, Metro Detroit has a workforce of about 2.6 Million, over 347,000 businesses, and a Gross Metropolitan Product of $200.9 billion. Detroit’s economy is far more diverse today and features growth in real estate, finance, information technology, research, healthcare, biomedical, trade, transportation, tourism, retail, and media. According to the Detroit Regional Chamber, Detroit’s largest employers include the “Big Three,” Beaumont Health, Henry Ford Health System, Ilitch Companies, Trinity Health Michigan, and major universities. Metro Detroit is home to many universities, including Wayne State, University of Michigan - Dearborn, and the University of Detroit Mercy. Detroit’s automotive heritage has played a prominent role in shaping the culture of Motor City. The pride of Detroit’s music history is the success of Motown Records during the 1960s and early 1970s. The record label popularized recording acts, including Marvin Gaye, Stevie Wonder, Diana Ross, and The Supremes. Detroit still stays true to its roots with its Jazz and Motown-themed entertainment. The Detroit Institute of Arts is world-famous for its Diego Rivera Detroit Industry Murals. The motor city also features diverse dining and nightlife experiences thanks to its multicultural population. In conclusion, the opportunity to buy an investment portfolio in Detroit is rare, and many players are hunting for a chance to include this city in their checklists. It is a wise decision for investors to consider this portfolio and not miss out on what many may call a golden opportunity.