Buying Ypsilanti: Stewart Beal closes on his 30th house

Wednesday, August 12, 2009 | Source: AnnArbor.com
Stewart Beal is becoming a bigger and bigger force to be reckoned with when it comes to housing in Ypsilanti.

Excerpt:

Stewart Beal hit a milestone this month when he bought his 30th house in Ypsilanti.

The Ann Arbor-based investor closed on 711 Washtenaw in the morning of Aug. 6.

Before lunchtime that day, crews were on site, cutting back landscaping and crowbarring water-damaged drywall.

With two of the three units already rented for Sept. 1 occupancy, Beal has to stick to a tight schedule. He’ll be repairing walls, installing hardwood floors, renovating kitchens and baths, and adding in-unit laundry.

“I’m doing everything but granite counters,” he said. “Our goal is to take the worst property on the block and make it the best on the block so we can achieve maximum returns by renting for more than anyone else is.”

Read the rest of the story here.
Enjoy this story? Sign up for free solutions-based reporting in your inbox each week.

Related Tags

Eastern Michigan University, Entrepreneurship, Green Building, Sustainability 

Recommended Content

Related Company

Sponsored By
Regions
Focus Areas
Copyright © Issue Media Group. All rights reserved.