Hey, everybody. Matthew Whitaker here from Evernest. Today I’m going to talk about where to invest in Birmingham Alabama. We are going to focus on the Center Point, Roebuck, and Huffman areas of Birmingham (Where To Invest in Birmingham, (AL: Center Point, Roebuck).
So if you’re looking to invest in Birmingham, I’m going to shoot another video that’s kind of a general Birmingham overview.
Also, my second video talks about what the Northwest Corridor, Birmingham housing stock, and investing look like, so if you want to check out those videos you can certainly do that.
But today I’m going to talk about the Northeast Corridor, which is by far the most popular, I would say, for rental house investing and for C+ and B flips.
What I’m going to do is I’m going to switch over to my desktop, and we’re going to take a look at the city of Birmingham, so let’s check it out. The Northeast Corridor Center Point Parkway is 75 and 79, so I’m zooming in here.
All right, so very important, this interstate right here kind of comes out of Birmingham, and this is kind of where the Roebuck area of Birmingham starts, so you’re talking about houses that were built in the 1940s and early 1950s.
Generally, these houses are three bedrooms and one bathroom and there are some two bedrooms and one bathrooms. Most of them are one bathroom just because of the age of the house.
Houses in here usually rent anywhere from two bedrooms for $650 – $700, up through about $750, $800, $850 for three bedroom homes.
As you move up the Parkway, the 75 is what we call Center Point Parkway, you get into an area called Huffman. Generally, the housing stock gets newer as you move up the parkway towards Huffman.
Huffman’s also a great area for rental house investors. Again, these neighborhoods are C+ and solid B, B- houses that have three bedrooms and one bathroom.
You can start to find some three bedrooms, one and a half baths as you move up the Parkway, so that is obviously better for tenants. They are more excited about extra bathrooms, as everybody would be. These houses are going to rent for a little bit more.
Generally speaking, as you move up the Parkway, the housing gets newer and the rental rates also get higher.
As you move up into Center Point, you will find a lot of brick rancher houses. I love brick ranchers and I always joke that they are like a tank. They are very built for efficiency.
They’re generally three bedrooms and two bathrooms or three-bedroom and one and a half baths, but there’s not a lot of frills.
The house includes a kitchen, dining room, living room, and three bedrooms, and two bathrooms, and really nothing else, other than maybe a hallway. Typically they have a carport.
These are probably some of the most popular rental houses in Birmingham, Alabama.
Generally speaking, these houses rent from $800 up to $1000, $1100. As you move up into the newer stock, these houses were probably built in the late ’50s all the way through the ’60s.
Chalkville is also a very nice area because houses start to get further and further apart from each other.
Again, generally speaking, as you move north and east, you are going to get into newer and newer homes, but you also are starting to get into a more, kind of, rural area. Even though it is a more rural area, the school systems are still great.
One of the things about Center Point is it is its own city, so it’s not super-investor friendly. The city has done some things to crack down on investor buying. I think this is a big mistake, and it has not stopped people from buying in this area. Center Point/Chalkville is still an awesome area.
As you move up into Pinson houses are still following the trend of being further and further apart. Areas of Pinson rent in the $1000 – $1200, maybe $1300 – $1500 range. The housing stock actually gets up into the 1970s. Pinson is still a great area to invest.
I hope this video is super helpful, and just to reiterate, we are talking about the Northeast Corridor of Birmingham.
I’m Matthew Whitaker with Evernest.
I’m going to be shooting videos of a bunch of different areas of Birmingham and I hope you will check them out.