Tiplexes and Quadplexes in Birmingham?

[Kyle H.]

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 or suburb of the city where a majority of them are? Does one of these cities have many more 3-4 plexes than the other (Bham vs Huntsville)? Any advice would be hugely appreciated!

[Dave DeMarinis]

I find the Huntsville small multifamily market to be very limited supply and generally I don't like the numbers. However, for a live in, you might find some viable properties in 35801 or 35803 which are both nice. I'm partial to Huntsville and think the long term prospects are stronger there but there is probably more inventory in Birmingham. @Peter McDonough @Gorden Lopes @Dena Puliatti Peter and Gorden are investors who I are having success with small multi there and Dena is a property manager and agent who can feed you some options.