Multi-family Apt. Investment in Big cities vs Suburbs

[Jerry Agbon]

I'm currently in the market for multi-family complex investment property, anything from 10 to 30 units. I'm currently caught in a dilemma where I have to make a choice between an old apartment complex of 18 units built in 1984, class C, VS a newer apartment complex of 18 units built in 2008, class B, in the small town of Hope Mill NC. 

Would appreciate your collective wisdom on this. 

[Chris Martin]

Raleigh neighborhoods can change over time. Anybody who's seen the South Park transformation knows that overtime you can see a "bad" neighborhood turn to very profitable and modern. 

But clearly, Hope Mills and Raleigh are two completely different markets.