Multifamily Deal in West End/Westgate Area

[Rico Nasol]

My business partner and I are looking at a potential mutli-family commercial property in the West End/Westgate area of Montgomery. It is off of Mobile Hwy across from Trentholm State Community College. Any thoughts on the area? We are out-of-state investors and we are closing some duplexes in the Capitol Heights area.

We are looking to purchase at ~13% CapRate with lots of room for adding value. We want to be sure the area could support renters and is in a decent neighborhood. We don't know the area that well just yet. We've been researching, but we also wanted to leverage the crowd knowledge of BP.

[Amit P.]

You know real estate is getting competitive when one investor "threatens" to do a drive by to another investor.