The neighborhood was originally founded as a commercial district, place of business for the attached Candler Park and Inman Park communities. On the Eastside of Atlanta lay the gorgeous Little Five Points. Buckhead is universal in its investment opportunities, you can bet on the upper-class financial district and rent out to corporate professionals, or invest in more family-oriented locations. This dense core is surrounded by residential neighborhoods with single-family homes surrounded by forests and park hills. The main business activity is centered around Peachtree Road, they are is highly urbanized with the high rise office buildings, hotels, and luxurious condos. It is a financial and banking center, one of three business strongholds of Atlanta, besides Downtown and Midtown. The neighborhood is both residential and commercial. Buckheadīuckhead is the uptown district of Atlanta, which constitutes approximately a fifth of the city. There are reasons to call Old Fourth Ward the most up-and-coming part of Atlanta, so don’t miss your chance to invest in local property. Thanks to small businesses and startups coming here in search of affordable commercial property, the neighborhood is slowly turning into a place of loft-like offices and hipster coffee shops. However, these years seem like a new start for Old Fourth Ward. This district was considered the most prestigious in Atlanta back in the 19th century but fell into despair in the 60s. Old Fourth Wardįor most of the people, Atlanta’s Old Fourth Ward is the neighborhood where Martin Luther King was born and raised. At the same moment, demand for rental properties in Midtown outruns supply, which means lower vacancy rates and better chances to rent out to quality tenants. Midtown has no equal in terms of its cosmopolitan vibes and atmosphere, which makes locals dream of living here. Nonetheless, things are not always what they seem. The second-largest business district in the city, Midtown might not be the most obvious choice to make if you are about to invest in a residential property. It is convenient and cozy and calm, which makes people flock to West End in pursuit of tranquility and quietness. Especially popular among young professionals and families with kids, West End is a wonderful place for long walks, bike rides, and slow life. West EndĪtlanta’s most historic and at the same time most picturesque neighborhood, West End is a great place to consider for first-time investors and those looking for quality income properties under $200,000. So if you’re targeting properties of $300,000 and higher, make sure to take a look at Grant Park. Nonetheless, this district is sure the desired destination for most of the locals. According to the most recent statistics out there, around 13% of all properties for rent are empty at the moment. Given the average rental prices, there is no wonder why local vacancy rates are slightly above the national average here. Historic buildings make up the majority of real estate units in the area, but there are also some modern residences built in 2000 and later. One of the most expensive neighborhoods in Atlanta to rent, Grant Park is a place of choice for those looking for a laid-back lifestyle. So if you’re serious about the idea and want to make the best bet possible, this article will help you do this. However, not all districts in Atlanta are equally good for buying rental properties. And it goes without saying that buying income properties could hardly go wrong here. Given that the metro area welcomes almost 100,000 new residents per year, it comes as no surprise that real estate developers are swamped with work. Second of all, the real estate market of Atlanta has been in a growth mood for the last few years and the trend is gaining momentum. As per today, the population of Atlanta is almost 5.8 million. Census Bureau, the city gained the fourth-most residents last year. Hundreds of people from all around the US are flocking to Atlanta each year. There are plenty of reasons to choose Atlanta for buying an income property, but the following two are chief among them.įirst and foremost, Atlanta is one of the fastest-growing major cities in the country. Keep reading to find out is it the right time to buy income property in this city and which neighborhoods will give you the highest return on investment. This time, my attention is on Atlanta, Georgia. Over the course of the last few months, I have researched the investment climate and opportunities in different parts of America, including major cities like Los Angeles, Chicago, New York City, Boston, and many others. Turns out, there are alternatives: you can choose to master the art of investing or simply stay tuned to my blog. Of course, special education will never hurt, but it’s not the only option. If you think that only professional investors know what is worth their money and what is not, it’s time to change your mind.
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