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Updated about 9 years ago, 09/30/2015

User Stats

206
Posts
82
Votes
Chris Virgil-Stone
  • Rental Property Investor
  • Cape Coral, FL
82
Votes |
206
Posts

Should I invest in Stockbridge, GA duplex?

Chris Virgil-Stone
  • Rental Property Investor
  • Cape Coral, FL
Posted

I recently sold my duplex in northern New York and am transferring to Atlanta area, looking to invest in multifamily housing. I found a duplex, undervalued in the Appleton section of Stockbridge. With doing a quick look at market rents I should be able to clear $12-1300/month on a $70,000 house (2 bd 1 ba each side) that retails for around $130,000. I know the owner bought it as a foreclosure for $35,000. Is this a good area to invest in? are my estimates of the market rate for the area correct?

I am strict on who I rent to and like to keep my properties nice. If this isn’t a decent area I’ll look elsewhere.

Also if anyone has any information about Marietta area (outside the city/town)? Is this a good place to invest? Ie. Not too much crime/drugs

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