They all three have massive potential. A number of factors to consider include:
1) condition of the subject property (How much $$ to fix up/ what repairs are needed?)
2) Layout of the house: is it good for renters??? (if you are renting)
3) condition and circumstances of the neighboring properties
4) vicinity to schools parks and grocery store, etc.
5) WHAT is your GUT feeling??
Better Homes and Gardens Real Estate Metro Brokers
I took a chance on the 30314 area and purchase a house real close to the 600 Jones Ave... ( if you move there we'll be neighbors! I can see that house out one of my windows.... there are a lot of houses foreclosed on in that area - it seems like they tried to revitalize that area about 2-3 years ago -- the house is full of NEWER HOUSES - built after 2004 - vandalized / foreclosed on..... but once the market rebounds you will never ever be able to live 1/10th of a mile from the World Congress Center and 0.4 miles from the Aquarium , etc for $90,000.... some of the "element " is still renting or maybe even homeless in the neighborhood but that part of Jones is real decent... They call that part of town MIDTOWN WEST - i really think that this area has potential....... like i said I just closed on a property about one block away... i see the potential.... i looked at Park Ave...... isnt that all the way down by Lakewood........ that was too far for me....... Its not about just moving TO ATLANTA - i think its about moving to atlanta in a place that CLOSE TO the skyline of Atlanta... and the Vine City is definitely the closest of the 3 you mentioned....
do the Jones St........ we need more HOME OWNERS WHO CARE to bring this community to its FULL POTENTIAL..... dont buy and hold........... buy and LIVE in ....... enjoy the closeness to the city ........ then sell it once the market rebounds..... I got mine for $97K original selling price in 2005 = $202K!!! , i had to pump $40K in reparis and upgrades into it so as long as I clear $137K one day on a 3 bed 3 bath home built in 2005, 1760 square feet - walking distance to Centenial Olympic Park, night life, sporting events, etc - I'll be TOO HAPPY!!! happy house hunting.............
Can you drive down the street with the windows down at 745pm with your family in the car and love the neighborhood?
Is one school district slightly bettter than the other?
How close will you be to a proposed Beltline trail, park or stop?
Embrace some basic investing fundamentals and maybe you'll have a wise Southside investment, but give it ten years.
You must also consider the condition and appeal of each of these properties. Are you going to live in one of these homes, or will the house become a rental or renovate and flip investment? If so, how much should be updated with each of these homes to maximize the future sale price? Remember that your goal is NOT to be the best house in the neighborhood because the other homes will tend to bring down the value of the house. On the other hand, it this is clearly among the lower priced homes in the neighborhood, could you improve the home to bring it up to the median standard and still sell at a profit? Is the neighborhood seeing considerable renovation and you will be joining the trend? The neighborhood always sets a standard for how much to invest. Good luck with your purchase in Hotlanta!