Multi family shortage?

Question

I’ve been looking for properties to analyze in the north Georgia area and I’ve had a hard time finding multi family properties. I’m beginning to wonder if I’m using the wrong online resources or if north Georgia just doesn’t have many multi family properties.

Account Closed · Answer

Like Devan said, there are definitely some good 2-4 unit properties that come on the market in north GA. Even just in metro Atlanta right now there are a few listed for sale that seem pretty dolid. If you're getting all your info from sites like trulia/zillow/etc. you're likely getting a lot of bad/incorrect data though.

Devan Sprayberry · Answer

@Corey McNabb I have a wonderful real estate agent that can get you on the MLS if you are wanting to see what’s on there.

There are a few in Georgia but it’s all about how you type in the words, click the right boxes, or ask the right questions.

I thought they just didn’t exist in Georgia for about 6-7 months. Turns out it was user error for me.

Alan Arena · Answer

@Corey McNabb, I've noticed the same thing (I'm in Forsyth County) there isn't a ton of multi-family comparated to SFRs and a lot of it doesn't ever seem to hit the MLS and other online resources.
The only thing I've seen pop up here in the last year or so was a duplex in Cumming that popped up on Craigslist and a quadraplex on MLS. There are probably only 20 or so duplexes in the whole county.

There seem to be more over in Gainesville.

I've only kept a casual eye on multi-family so take it with a grain of salt.

There seem to be more over in Gainesville.

I've only kept a casual eye on multi-family so take it with a grain of salt.

Corey McNabb · Answer

@Taylor L. I’ve only been using MLS portals like Zillow and realtor, I haven’t made any contact with brokers yet.

Taylor L. · Answer

What resources are you using? Are you talking directly with brokers?

Multi family shortage?

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