- Micro-home group South Park Cottages affords locals an reasonably priced various to renting.
- Houses locally begin at $190,000, and the standard month-to-month mortgage cost is round $1,500.
- South Park Cottages is so standard that its developer is constructing one other group in Georgia.
Booker Washington dreamed of constructing a group the place on a regular basis folks might afford to purchase a house
Enter South Park Cottages, a village of 29 tiny properties simply exterior Atlanta that opened in 2023 with costs from $190,000 to $230,000.
Evaluate that to the standard residence bought in Atlanta, which Redfin discovered price $431,250 as of February 2024.
The demand was clear: All 29 properties — one- and two-bedroom models starting from 400 to 650 sq. toes — bought out over a yr earlier than they have been even constructed and fewer than two months after hitting the market.
Washington, the 41-year-old proprietor and founding father of micro-home-builder Techie Houses, wished to supply locals a substitute for renting or shopping for a conventional single-family residence.
“Accessible homeownership is a matter in Atlanta,” he stated. “Our purpose is to supply properties at a value level the place mortgages are equal to or lower than the price of renting a one-bedroom house.”
Positioned in School Park, Georgia, South Park Cottages has been so profitable that Washington is constructing a second group, Union Park Cottages, close by. Gross sales for its 26 properties launch later this month.
South Park Cottages can be the primary Black-owned micro-home group within the Atlanta space. Have a look round.
