Photo courtesy the Arbor District
From second hand information, Home Rentals' plans for its recently acquired property at 500 West Walnut is to maintain it as a single family residence/rental. The company has looked at the growth of the medical industry in the area and believes, with suitable renovations, it would make an ideal rental for medical professionals moving to the area. The plan, according to what I understand, it to rent it for a year to new doctors working at one of the hospitals or clinics in the area, while they find or build permanent residences in the area.
Home Rentals has listed the property on its website as available for rent as a residential property at $2950 per month and does specify it is in a area zoned R-1. However, it also lists the property as having 6-7 bedrooms, making it quite a bit larger that most families would need.
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