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Updated over 8 years ago on . Most recent reply

User Stats

85
Posts
47
Votes
Brad Shepherd
  • Syndicator
  • Austin, TX
47
Votes |
85
Posts

Rental property on freeway frontage road

Brad Shepherd
  • Syndicator
  • Austin, TX
Posted

I'm looking at a small duplex near downtown San Antonio. Great cash flow area with low prices. This property, however, sits right on the I-10 frontage road, with the front porch literally starting at the freeway traffic. There is a back alley access for parking. My concerns are getting near market rents, who would want to rent it, and one day selling it, knowing that there would be a limited market for it. For cash flow, assuming decent tenants and near market rents, the numbers are great.

Anyone else have experience with something similar or have ideas on what else to consider, or whether this is just one to pass up? There are renters in houses a few doors down, in the same situation, but I can't find out what they're paying. Plenty of resale comps nearby, but for houses that are tucked back in the neighborhood.

Thoughts? Jump in, or run away?

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