Atlanta, GA · Member since 2015 · 4 posts · 2 votes
Hi all,
Let's get straight to the point: 711 Cosmopolitan Drive Atlanta, Ga 30324 Unit 234. Listed for $244,000 1 bedroom Condo recently renovated overlooks the pool area. Is this a good investment for the Lindbergh Buckhead Atlanta area?
Real Estate Agent · Atlanta, GA · Member since 2016 · 127 posts · 48 votes
7y
I have personally lived and owned a unit in this building and while the units have appreciated a lot the last few years, from a numbers perspective the rent to price isn't very good. The waitlist for rentals is also 3+ years long and they don't have permits that transfer with new ownership.
Real Estate Agent · Woodstock, GA · Member since 2018 · 253 posts · 255 votes
7y
As @Ryan Johnston mentioned rent restrictions can kill a condo investment. Also read over the covenants, rules and regulations, and financials before buying a condo so you know where the HOA stands. Feel free to send me a PM if you ever need help reviewing these docs.