Neighborhoods in Montgomery, AL

Montgomery, Alabama
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Neighborhoods in Montgomery, AL

Hesh Landman
Member since 2020 · 5 posts · 4 votes

Hello,

I'm looking into a multifamily property in southeast Montgomery, AL. Can someone give me an overview of where the different neighborhoods are and what I can expect for the general metrics (ie: vacancy, rents, cap rate).

2Reply
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  • Greg ParkerBusiness Member
    Realtor, Contractor, Property Manager · Montgomery AL and Kowaliga, AL · Member since 2017 · 670 posts · 536 votes
    6y

    A lot of variables to consider.  Let me know a street and I can advise.

    [email protected]
    MGM Property Pros LLC
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    0Reply
  • Hesh Landman
    OP
    Member since 2020 · 5 posts · 4 votes
    6y

    Thank you, Greg, for responding. It's in the neighborhood of Gas Light Curve Rd. and Buckboard Rd. There's a Walmart right nearby. (At this time I can't be more specific.)

    0Reply
  • Greg ParkerBusiness Member
    Realtor, Contractor, Property Manager · Montgomery AL and Kowaliga, AL · Member since 2017 · 670 posts · 536 votes
    6y

    C area.  Maybe C+.

    [email protected]
    MGM Property Pros LLC
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    0Reply
  • Hesh Landman
    OP
    Member since 2020 · 5 posts · 4 votes
    6y

    What should I expect for vacancy and rents?

    What should a gut renovation cost per unit?

    What can I expect to pay for exterior site work?

    I know this vague but I'm new to this and not local.

    0Reply
  • Jay Beren
    Member since 2020 · 1 post · 0 votes
    6y

    Does anyone know the median vacancy rate for the area?

    0Reply
  • Josue R.
    Rental Property Investor · San Francisco, CA · Member since 2020 · 33 posts · 36 votes
    6y

    @Greg Parker

    Hi there are you a contractor in Montgomery?

    0Reply
  • Greg ParkerBusiness Member
    Realtor, Contractor, Property Manager · Montgomery AL and Kowaliga, AL · Member since 2017 · 670 posts · 536 votes
    6y

    Yes, contractor, property manager, buyers agent for investors.

    [email protected]
    MGM Property Pros LLC
    View Page
    0Reply
  • Matt Lewis
    Contractor · Seattle, WA · Member since 2018 · 78 posts · 54 votes
    6y

    @Hesh Landman - Hey Hesh!

    Check out the Apartment Property Valuation website.

    You can add in different parameters depending on the property your looking at! It spit out an average cap rate of 8.79%!

    0Reply
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