Virginia Highland, or simply VaHi to residents that live there, is one of Atlanta’s most vibrant areas. It combines small-town charm with the perks of living in the city. Virginia Highland is found east of Ansley Park right near downtown. This neighborhood has four separate and distinct villages that are all connected into a very walkable overall neighborhood.
Virginia Highland is considered one of Atlanta’s most sought after neighborhoods, so if you can find an investment property in VaHi that you can either flip or turn into a rental, you’d be in luck. Some of the homes are over 100-years-old and range from gorgeous old Victorian homes to charming bungalows.
If you find a home in VaHi that you’d like to turn into an investment property, you should know your market. The people who love to live in this neighborhood are usually either families looking for a safe area to raise children and artists or students. It won’t be cheap to purchase an investment property here, but if you find one, it might be worth it. The average home price is $750,000.
Keep your eye out for apartment building for sale, because the average rent is around $1,700 a month. This price can be found even among one bedroom apartments. If you find even a small two bedroom home that you could rent out, you could get well over $3,700 a month in rent. A three bedroom home will bring in over five grand a month in rent. Do your homework, but keep your eyes open, because this area is a hot market and among the most coveted neighborhoods in Atlanta.
Are You Looking for a Hard Money Loan to Flip a House Or Buy A Rental Property?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, or the North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten days.
Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value of the collateral—and if you use the loan for renovation or construction, the loan amount can be based on the collateral’s improved value.