Updated almost 3 years ago on .
Birmingham Small Multifamily. Section 8?
Hey I am an investor from Memphis with some experience in Birmingham but it’s been nearly 4 years (2019) since the last visit to Birmingham for a property tour. Back in 2019 Oporto Madrid was a tough part of town between East Lake and Roebuck. East lake was on the east of a Woodlawn developing part of town in terms of commerce.
I guess I’m looking to understand, how has that area (Woodlawn, East lake, Roebuck) changed since 2018-2019. Jobs, business, legislation, investment? Oporto Madrid (the area I’m curious about) is north of Irondale.
Value-add opportunity seems to be in a dead zone (mostly small businesses, convenience stores, fast food) .
if you know the area, what you think? Thanks