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Updated almost 8 years ago on . Most recent reply

User Stats

87
Posts
49
Votes
John Fabros
  • Real Estate Agent
  • Washington, DC
49
Votes |
87
Posts

Springfield Mixed Use?

John Fabros
  • Real Estate Agent
  • Washington, DC
Posted

When I was living in Jax a couple years ago, Springfield seemed a long way off from appreciating like Riverside/Avondale had with Murray Hill looking like the most likely next growth neighborhood. How do things look these days? Looking at a CRO mixed-use property with fairly weak current cash flow on paper, but a moderate price cut and a positive outlook on rent and lease growth would  make it a lot more appealing. This would be my first foray into non-residential investment and I'm anxious that I may be trying to swallow too big a fish. 

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