For those looking for Atlanta investment properties, Washington Park real estate listings are some of the cheapest in the city. Known for its 20-acre park of the same name, Washington Park was established in the early 1900s as a black-only neighborhood during the time of segregation. As a result, the residents who live here today are primarily African-American.
The median price of homes sold here is $95,300, which is much lower than the national median of $184,700. This could be because many of the available houses in Washington Park are fixer uppers, as most of the homes in this neighborhood were built in the 1930s and 1940s. Many foreclosures also come up on the market in this area, which is a great way for low income buyers to purchase an inexpensive home in Atlanta. Foreclosures make great investment properties, but are often sold “as is.” Some investors choose to purchase these homes in order to renovate and resell them for a higher price, which is why some listings in the area may already come with upgrades and cost more.
Demographics show that there are about twice as many renters as homeowners in Washington Park. The median monthly rental is $940, which is close to the average rental rate in Atlanta. There are several apartment complexes in the neighborhood offered at various price points, and some rent to own homes that potential residents may be interested in.
Washington Park has many public transportation options available to its residents. First, the west edge of the neighborhood corresponds with a portion of the West Trail Line of the Atlanta BeltLine, which is a trail that loops around the city connecting 45 Atlanta neighborhoods. The Metropolitan Atlanta Rapid Transit Authority (MARTA) is another convenient means of transportation for Washington Park residents. The Ashby MARTA rail station is the closest station to this neighborhood and it is positioned on the blue and green lines that run east and west through the center of Atlanta.
Until housing in the area improves, the crime rate in this neighborhood will remain higher than other similar suburbs in Atlanta. Both violent and property crimes are double the national average in this Washington Park, but things are slowly improving. Some homes and streets in this sector of town have been kept up better than others, and new housing units have already been constructed along Lena Street, which faces the newly renovated Washington Park. The park not only includes new green lawns, but also a tennis complex and natatorium with a pool for residents to enjoy.
Schools in the immediate vicinity of Washington Park have low ratings. However, several highly rated charter schools also serve this neighborhood. Some of the best schooling options for Washington Park residents include:
- Atlanta Neighborhood Charter School (Elementary Campus K-5 and Middle Campus 6-8)
- Charles R. Drew Charter School (PK, K-5)
- Kindezi School (K-8)
- KIPP Strive Academy (5-8)
- KIPP Atlanta Collegiate (9-12)
- Westside Atlanta Charter School (K-6)
Additionally, three institutions of higher learning are less than two miles away from Washington Park. These include:
- Clark Atlanta University
- Morris Brown College
- Spellman College
Furthermore, Emory, Georgia Tech and Georgia State are all less than four miles from this neighborhood.
Despite the close proximity to so many colleges and universities, there aren’t many college students residing in Washington Park. Most residents have an associate’s degree or high school diploma, with only 22 percent possessing a bachelor’s degree or higher.
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