Sandy Springs, GA · Member since 2018 · 3 posts · 1 vote
Looking to buy a MF in the Jacksonville, FL 32206 area. What do folks think of this zip code and should I stay away or is it a good investment? Thanks.
@Steven Greenspan Jacksonville is Florida's last frontier where you can find multifamily deals that somewhat make sense. Most of the big players in Southern and Central Florida have been and continue flock to Jax for this reason. This sounds basic and kind of stupid, but do a quick google search of the demographic makeup of that specific zip code and if meets your standards, go for it. I personally like to do deals in infill locations, by a university, or by the beach. I try to stay away from ghetto areas, albeit you make better returns, but you have to work harder for your money.
@Steven Greenspan great to connect with you the other day. I'm guessing you have done some digging already to pick this zip. Is it up and coming? New retail going in? Already a mature and developed zip code? For crime you can always reach out to the local law enforcement to get some more info.