APG - Atlanta Pacific Group

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How Much Home Will $55,000 Buy You in Atlanta?

   

Opportunities for residential real estate investment in the Atlanta metro area have never been better.  Home prices have fallen to levels not seen in almost 20 years.  While this brings pain to many homeowners in the area, it presents a modern day gold rush for savvy investors seeking multi-unit rentals.  Buyers outside the area, especially international residents from Asia, are shocked to learn what a relatively modest sum of money in Atlanta can get them. 

Speaking at “The Bridge to China” seminar at the Georgia Association of Realtors, Mr. Henry Yu of East West Bank talked about his recent trip to China with Atlanta Mayor Kasim Reed.  Shanghai residents are accustomed to purchasing 1 bedroom apartment units for around $500,000, and Yu spoke of the pleasant surprise many Chinese express when they learn that only 10% of that investment will get them the same size apartment in the Atlanta area. 

Many Koreans in Seoul often have the same feeling of surprise as those in Shanghai, especially when they learn about the affordable single family homes and large plots of land that come with them.  We would like to show those investors and individuals what they can buy for $55,000.  A colleague of ours recently purchased a foreclosed home in the Atlanta area near the airport.  This 5 bedroom / 3 bath, 3,183 square foot home was built in 2006 and was last sold for $208,000 in 2008.  Please see pictures of the home below:

Master Bedroom

Master Bath

Upstairs Bedroom 1

Upstairs Bedroom 2

Upstairs Full Bath

Front Door and Stairway

Dining Room

Family Room

Downstairs Guest Bedroom and Full Bath

Foyer


Meet the Neighbors

Questions or comments? Please email Michael Fenton at mfenton@atlantapacificgroup.com

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