215 Piedmont AVE NE #804 Active Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30308
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 631 sqft
Price per Sqft $316
Subdivision Landmark
MLS Listing ID 7495712
Style High Rise (6 or more stories)
Bedrooms 1
Full Baths 1
Construction Status Resale
HOA Fees $638
HOA Y/N Yes
Originating Board First Multiple Listing Service
Year Built 1963
Annual Tax Amount $2,113
Tax Year 2024
Lot Size 631 Sqft
Acres 0.0145
Property Description
CASH FLOW JUGGERNAUT BUSINESS, NO RENTAL RESTRICTIONS, SHORT-TERM ALLOWED, Current Short-Term Business Annual Net Profit tops $16,000 after expenses PROFIT & LOSS STATEMENT & 5-YEAR PROFORM (Available upon request). Occupancy run rates over 80% per year. While Competitors focus on gross income, ask them about net profits. As an Owner/Agent, I am confident that few, if any, can match our level of transparency and detail. TAKE ADVANTAGE NOW The building is in the midst of an exciting transformation, with renovations underway following a major insurance claim. The finished renovations promise to enhance the property's value and solidify its status as one of the most desirable high-rises in the Downtown area. Experienced and professional host offering education on property management. Uplisting Channel Management integrates All Three major booking platforms to optimize occupancy and nightly rates. This hands-off business model is supported by an excellent cleaning service partnership that provides both cleaning and linens. Schlage electronic door locks are used to track and manage guest access.**********Recently renovated one bedroom, one bathroom, living room/kitchen combination, and separate dining room. Fully supplied and stocked. ALL FURNISHING INCLUDED. New luxury vinyl hardwood floors (AquaGuard/Floor & Decor waterproof flooring), private bedroom with premium quality hybrid mattress and sleeper sofa, clean white bathroom, rare in-unit high-efficiency washer & dryer, high-speed internet, blackout blinds & curtains. It is furnished in calming blues, grays, and whites and is stocked to host several people comfortably, and is fully loaded. It features a queen-bedroom suite with a great view of the city. The living area features a rustic, charming real wood accent wall with an adjustable wall-mounted flatscreen TV. The kitchen area is fully stocked with quartz countertops, stainless appliances, and cooking & dining essentials.**********Building Bylaws allow for any rental lengths and no caps on the number of rentals. Perfect place to invest in a turn-key income-generating asset that is already cash-flowing and appreciating at the same time. The Landmark is one of the Downtown Atlanta skyline's most underrated buildings poised for skyrocketing appreciation. The homeowner association fee includes everything: 300 MB Xfinity Internet, Electricity, Heating, Cooling, Gas for cooking Range, Water, Sewer, 24-hour Concierge, plus all the HOA Amenities. One assigned parking space typically $55/night value, onsite 24-hour concierge, small fitness gym, full-size inground pool, and laundry facility available.
Location
State GA
County Fulton
Lake Name None
Rooms
Bedroom Description Other
Other Rooms None
Basement None
Main Level Bedrooms 1
Dining Room Open Concept
Interior
Interior Features Elevator,His and Hers Closets
Heating Hot Water,Wall Unit(s)
Cooling Multi Units
Flooring Ceramic Tile,Hardwood
Fireplaces Type None
Window Features None
Appliance Dishwasher,Disposal,Dryer,Gas Range,Microwave,Refrigerator,Washer
Laundry Electric Dryer Hookup,In Hall,Laundry Closet
Exterior
Exterior Feature None
Parking Features Assigned
Fence None
Pool Indoor
Community Features Concierge,Homeowners Assoc,Near Public Transport,Sidewalks
Utilities Available Cable Available,Electricity Available,Natural Gas Available,Sewer Available,Water Available
Waterfront Description None
View City
Roof Type Other
Street Surface Asphalt
Accessibility None
Handicap Access None
Porch None
Total Parking Spaces 1
Private Pool false
Building
Lot Description Corner Lot,Landscaped
Story One
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style High Rise (6 or more stories)
Level or Stories One
Structure Type Concrete
New Construction No
Construction Status Resale
Schools
Elementary Schools Hope-Hill
Middle Schools David T Howard
High Schools Midtown
Others
HOA Fee Include Electricity,Gas,Internet,Maintenance Grounds,Maintenance Structure,Pest Control,Reserve Fund,Security,Sewer,Swim,Termite,Trash,Utilities,Water
Senior Community no
Restrictions false
Tax ID 14 005100130640
Ownership Condominium
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing yes
Special Listing Condition None