Edgewood or Belvedere park?

Question

Hi BP family,

I’m an OOS rental property investor having trouble figuring out which one to go for.

I’m looking at these 2 investment properties in Atlanta from MLS.

1, Duplex with 3bds/2bth in each at Edgewood, lot closer to down town.

2, Quadruplex with 2bds/1bths each at Belvedere park. Much cheaper than the first one, and I guess ROI is little higher than the first one.

I got absolutely no idea about Atlanta suburbs and don’t know the appreciation of the property value in those suburbs either. I do care about the appreciation as well as ROI.

Would appreciate any thought and advice from locals as well as others investor in Atlanta!

Clarence

Rick Baggenstoss · Answer

Edgewood all day long.

Clarence Gong · Answer

Thanks Rebecca for the info and that’s exactly what I wanted to know.

Appreciate it!

Clarence

Rebecca Cardona · Answer

I’ve seen these properties as well, and I live on this side of town. Edgewood is considered in-town and definitely the “hotter” area of the two. The duplex is walkable to a train station and lots of retail/restaurants. Honestly I love the duplex if you get the money to work - we thought about house hacking and selling our SFR to live there, but we don’t want to leave our school system. Belvedere Park is OK, I don’t know enough about REI yet to know which will be better for you,  but as a local, I’d expect Edgewood to have higher demand and prob a more “hip, millennial” type renter vs Belvedere Park, and probably greater long-term appreciation because of its proximity to the city and public transit.