Huntsville, AL Rentals and Multifamily

[Rylan Kean]

We just went under contract on a medium size multi family unit on Patton Rd by Redstone Arsenal and wanted to see if anyone can shed light on the area. Have heard a few negative comments about the area. A lot of multifamily around, but when we walked our unit, it certainly felt safe. The unit is all 1/1's that are currently rented at $425 on avg, but the unit is in pretty rough condition. A lot of comps seem to be all over the place, but we were looking to stabilize around $475-500 over the next year or two. So basically looking for the following answers:

1. Thoughts on Patton Rd area?

2. Market rent for 1/1 in that area?

3. How is vacancy in the area?

4. Recommendations for property mangers?

[Michael S.]

That is going to be a C or D neighborhood depending on the exact location.  

I can't answer the other questions about the area simply because we do not look at any properties in that location whatsoever.