Trying to figure out Atlanta’s market

[Demetrius T Wardsworth]

To who it may concern, 

I’m a novice investor looking to potentially purchase a multi family in the Atlanta area. I’m looking for advice of buying in gentrified areas. Where are the up and coming areas of Atlanta that have attraction to them? If Anyone can give me suggestions on the ideal areas of Atlanta I will greatly appreciate it.

[Michael Dumler]

@Demetrius T Wardsworth, I'll have to disagree on this one. I'm sorry but in-town neighborhoods such as Kirkwood, Reynoldstown, Edgewood, and Old Fourth Ward are well past the gentrification phase. That boat sailed long ago if I'm being honest. These in-town neighborhoods are very affluent now, don't expect to find anything below $400k unless it's a total fixer-upper. 

To reiterate, when asking this question, I think there are several indicators to assess/analyze when determining a select submarket's value growth potential/gentrification. Job growth/employment history, business integration, population density, and new development projects. All of this information can be gathered and sourced from some of my favorite platforms including Bisnow Atlanta, Urbanize Atlanta, and Atlanta Business Chronicle. 

Direct answer. Many in-town neighborhoods south of ATL are showing valid signs of market growth due to new mixed-use development projects. These include West End, Oakland City, and Venetian Hills. Moreover, there is growth potential in Westside ATL. While most of Westside is still C-class and quite rundown, the announcement of Microsoft's new development campus in the Grove Park area has many investors bullish. Lastly, several Decatur neighborhoods are on my radar. Hope this helps!