New Investor - Location Help

[Mariya Ilitsky]

Hi everyone!

I am looking to invest in a MFR located in the 78212 zip Alta Vista neighborhood. Just wondering what the thoughts are of the area. I do not live in Texas so I'm not too familiar. Looking to see what type of tenants it would attract.

Any input would be appreciated!

[Mike Garland]

Alta Vista is a decent neighborhood.  I would say the best houses are right in the middle of the neighborhood, between Fulton and Woodlawn.  Properties closer to the north boundary which is Hildebrand start going a bit downhill.   South of Woodlawn as you get closer to San Pedro creek is going through some revitalization but there are plenty of shabby properties.   The west boundary are the railroad tracks, so make sure you factor those in as you are looking at properties.

I looked at a house off French which is near San Pedro Park.  They were asking $110/sf.  I like being close to the park so I went to check it out.  It needed a lot of work and was three properties down from the tracks.  Two properties down from this house along side the tracks was a metal shop...

Overpriced and noisy neighbors...no thanks.