Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 9 years ago, 09/30/2015
Should I invest in Stockbridge, GA duplex?
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