Best Neighborhoods to Buy • Atlanta, GA

[Chauncey Glenn]

Hello friends,

My name is Chauncey and welcome to my second post. Since my first, I have gotten my ideas in order and have settled on a market in which I’d like to purchase my first investment property: Atlanta. 

I have curated a list of neighborhoods based on my personal metrics of:

1. Duplex/Triplex opportunities. 

2. Urban area.

3. Rental population vs. homeowners.  

3. Proximity to great schools and universities (Georgia State, Emory). 

I have not considered cash flow as of yet which is most important nor have I analyzed any of the listings I’ve seen. 

Still, here are my ideal neighborhoods (in no order):

1. Downtown Atlanta 

2. Midtown Atlanta

3. Buckhead

4. Inman Park

5. North Decatur

6. Virginia Highlands

*Druid Hills is close to Emory as well but quite expensive and has a low percentage of renters at 33 percent. 

Can anyone provide insight? 

Has anyone invested in these areas?

Thanks,

Chauncey

[Elaunte Brown]

Not knowing your price range or exactly the cap rate your looking for would be a better way to determine which area would be best to invest in. Atlanta is a very tricky place to invest in as neighborhoods change quite drastically as opposed to a cities like Decatur or Marietta. I work with many investors and in regards to Atlanta, most don't invest in those area's do to the price as mentioned. Instead they invest in places like Grant Park,Kirkwood, East Atlanta Village, Capitol View, East Point, Hapeville, or Old Fourth Ward. They focus on these places due to the appreciation and low entry price where you can build equity. Look up the appreciation in these areas its steadily going up each year. One investor in particular bought a property in East Atlanta last year for 73k rented it out for a year and recently sold it at 125k at 1100 sq ft.