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Updated about 3 years ago on . Most recent reply
TriPlexes, Quadplexes in Birmingham?
Hi All,
My new job is going to relocate me to Alabama where I can choose to live in either Birmingham or Huntsville. My main goal is to buy a 3-4 plex that I can live in for a year before buying a 2nd one. Does Birmingham have a decent inventory of 3-4 plexes where this strategy would be viable for me? Is there a certain neighborhood in the city where most of them are? Does one of these cities have many more 3-4 plexes than the other? Any advice would be hugely appreciated!
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@Kyle H. Welcome to Alabama! Huntsville is the better pick for living IMO. You may be able to house hack a single family residence easier than finding a deal on multifamily. Walk out basement used as an air b&b has worked for several people I know. With that being said, there are several pockets of town that have groups of quads and some are even for sale, but the prices have been heavily inflated so you may be overpaying to actually get one. Cotton row and ascent trail are two spots with quads, I'd call them C class areas but trending in a positive direction. There are also some in 35805 as well as 35803 but I don't see many of them trade much less at reasonable prices. The best case scenario would be finding a quad in Madison. Reach out if you want to chat about the areas.