Multifamily Investing in 64501. Good Area?
Hey BP Family.
I have family connections in Missouri, and I came across a multifamily property on S 14th in 64501. My family knows the St. Joseph area somewhat well because they work in that area, but from an investment standpoint I would love to know more about it. Anybody having luck with renting out properties in this area? Safe area to invest? Looks like properties for sale or on/off market at a cheap price, so it kind of throws up a red flag for me to an extent. I’m from Atlanta, so you won’t get anything at that price unless every house on that street is boarded up and the area is trashed.
What do you guys think? Good Area? Good and stable tenant base? Solid rent rates? Good multifamily area?
Please let me know what you guys think. I’d love to learn more!
Kind Regards,