Buying a multifamily in Mountain brook

[Jai Deva]

Hi all, My friends and I are first-time investors looking to invest in a multifamily in Mountain Brook. It is a 400K property with 3 rental units with a collective rent of around 3200. The house needs about 15K of work and taxes are $8000. The location is pretty decent. Can someone experiences in Birmingham market guide me 

my specific questions are : if this is a good investment ? 

We are more comfortable with UAB, hoover, Mountain brook, Homewood area are so should we try to stay there or look into Section B,C areas like Roebuck, Center Point etc like it has been suggested on this forum before? 

Thank you for your valuable inputs.