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ForumsArrowAtlanta Real Estate ForumArrowDeal on McDonough BLVD down from state Penitentiary
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Deal on McDonough BLVD down from state Penitentiary

4 Replies | Atlanta, Georgia

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  • Posts 5
  • Votes 2

Farha Khan
from Newcastle, Washington

posted almost 3 years ago

Hi Fellow RE Investors:  I need some insight.  I analyzing a deal on McDonough BLVD and the comps look good, however it is a few houses down from the State Penitentiary.  Do you  this would significantly affect resale value?  What is your opinion of McDonough?  My end game is- fix and flip.  If this does not work I will do a cash out refi- rent- then sell at a later time.

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  • Posts 5
  • Votes 2

Farha Khan
from Newcastle, Washington

replied almost 3 years ago

Meant to write * Do you think

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Check Rosette Top Subject:
Taxes & Accounting
  • Posts 413
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Kevin Manz
HVAC Tech from Fort Wayne, Indiana

replied almost 3 years ago
I just wouldnt buy that. But it all depends on the numbers. There are certainly houses next door to pull comps from, right? Then again, it may be perfect for, say the warden, or a prison employee. Or maybe a lifers wife. It could work. I just wouldnt. best of luck
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  • Posts 48
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Gareth Jackson
Real Estate Agent from Atlanta, Georgia

replied almost 3 years ago

@Farha Khan I was recently pitched a property right across the street from the prison on McDonough. I passed on it due to the fact that your buyer pool is definitely decreased by a great deal due to its location and it was not the kind of deal you just could not say no to. If the numbers are such that it makes it a no brainer then you could still go for it. People live in the area so that means people are definitely willing to live near that prison. Best of luck with your decision.  

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  • Posts 5
  • Votes 2

Farha Khan
from Newcastle, Washington

replied almost 3 years ago

Thank you both for your input!

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