Zipcode - 36109: Difficult to get the property rented?

Question

I am looking to purchase a SFR in 36109 zip code and while researching a bit I found some houses on market for rent for 180 - 200 days. Anyone invested there or familiar with the area? Any PMs, who manage the property in the area? What is the average days to rent a property?

Greg Parker · Answer

36109 usually rents well.  Solid B areas.  $650-$850.

Christi Millo · Answer

36109 is an good rental area here in Montgomery.   I'm a Realtor if you need any help.  Also @Jessica Wilson with PMI River Region is a good PM here with plenty of properties in that area.

Andrew Howell · Answer

I bought a property in this zip code in July. Had quite a few calls while rehabbing. Had it rented three weeks into the rehab.

Josue R. · Answer

@Christi Millo

Hi there I’m interested in ￼rental properties in Montgomery and looking for real estate agent please PM me for details.

Charles M. · Answer

$20MM in renovations (Garrett Coliseum) might be incentive to pay that amount

Rich Carey · Answer

@Colleen Pelliccia-Lavin

Did you end up buying that property?  Rent seems a little high.

Colleen Pelliccia-Lavin · Answer

@Andrew Howell

Hi there, I’m looking at purchasing a turnkey property which is tenant occupied paying $1,050 in 36109 (Morningview neighborhood). 2748 Crestview Ave.

The tenant is on a 2 year lease and the house is 2,200 sq ft.

The house is very nice but I’m concerned future tenants won’t want to pay that amount compared to nearby rental comps.

Thoughts?

Thanks!

Colleen

Andrew Howell · Answer

I'm renting my property in this area for $925. It's a 3/2 1600sq.ft.

Colleen Pelliccia-Lavin · Answer

@Charles M. Thanks, Charles!

Zipcode - 36109: Difficult to get the property rented?

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