Hi all,
I came across a listing in Birmingham (5417 Holland Ave) and wanted to get some honest feedback from the group. Here’s the Zillow link for all the details and photos.
Has anyone owned or managed properties in this area? What’s the biggest thing to watch out for roof issues, neighborhood concerns, or something else? Would appreciate any thoughts on pricing, rental potential, or red flags. Thanks for sharing your experience.
@Vladimir Pand This is a primarily rental area with about 30% tenant occupied.
It would be a good cash flow property, but don't hang your hat on any real appreciation. You might sell it in 5 years for what you bought it for. Look for the big ticket items (HVAC, roof, electrical, plumbing/sewer, or septic). Not a significant issue on floodplains in the area.
Birmingham, AL · Member since 2025 · 20 posts · 2 votes
1y
You would get great return for section 8 on this property. You could get anywhere from 1200-1500 for this area in rent/month. For the area - high chance it gets broken into.
Investor · Indianapolis, IN · Member since 2014 · 208 posts · 137 votes
1y
I am not local to the area but have considered investing there and what I've learned is that you have to be careful about where you're buying. Some neighborhoods are basically so completely crap that you can never expect any appreciation from them and they might even lose value. Birmingham on the whole has lots of issues so if you're going to buy there just make sure you know exactly what you're buying and what kind of area it is.
@Vladimir Pand This is a primarily rental area with about 30% tenant occupied.
It would be a good cash flow property, but don't hang your hat on any real appreciation. You might sell it in 5 years for what you bought it for. Look for the big ticket items (HVAC, roof, electrical, plumbing/sewer, or septic). Not a significant issue on floodplains in the area.