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Updated about 3 years ago,

User Stats

6
Posts
1
Votes
Patrick Walton
  • Contractor
  • Phoenix, AZ
1
Votes |
6
Posts

Is Bessemer, AL a good place to for rental property?

Patrick Walton
  • Contractor
  • Phoenix, AZ
Posted

Good day BP world!

I am new to real estate and am asking for advice or information.

I am considering purchasing a property from a turnkey provider in Bessemer, AL. I am in Arizona and not very familiar with this area at all. I have been doing some research and I am getting conflicting opinions. So, I thought I'd reach out here and ask for advice.

The property is located near Grant St. and 4th Ave SW. Its is a 3/2 and about 1200 sq. ft. It will be getting a new roof, HVAC, and water heater along with a light remodel of the interior (new flooring, drywall/paint, refinishing of kitchen and bathrooms). They are asking $138K for it. I have read that Bessemer can offer decent cash flow, but also that the crime rate is high and vacancy could be an issue. Is this a good market to invest in and what should I expect as a reasonable month rental rate?

If any one who is familiar with this market is willing to offer any input or advice it would be very much appreciated!

Thank you in advance!