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Updated over 13 years ago, 08/04/2011

User Stats

475
Posts
141
Votes
Ed L.
  • Residential Real Estate Agent
  • Hattiesburg, MS
141
Votes |
475
Posts

War Zone or Low Income Minority Housing???

Ed L.
  • Residential Real Estate Agent
  • Hattiesburg, MS
Posted

I just ran across a 4 Unit Brick Apartment Building for real cheap.

It's in a good location with regards to proximity to town.

I'm trying to determine if the area would be classified as a war zone or perhaps it's just a low income housing.

My city doesn't have much in the way of gangs or crime.

The units should rent for section 8, 450 per month x 4 = $1,800 x50% = 900 NOI. Like 550 monthly cash flow??

Give me some input
[url]http://maps.google.com/maps?q=107+SHEMPER+Dr.+Hattiesburg+,+MS+%3B+39401&hl=en&ll=31.344612,-89.349221&spn=0.004664,0.009624&sll=31.344603,-89.348698&sspn=0.006295,0.006295&layer=c&cbp=13,82.92,,0,9.66&cbll=31.344616,-89.349109&z=17&panoid=8xZTBsFoIDJqgeUPlJo9-w

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