Active

215 Piedmont Avenue NE Unit 1109

Atlanta GA, 30308

$250,000


$245.10 per sqft

Active

1 Bed

1 Bath

1,020 sqft

Condos

Built in 1963

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.**********One bedroom, One Bathroom, Living room Dining room combination, with separate kitchen and storage room. Fully supplied and stocked. ALL FURNISHING INCLUDED. New luxury vinyl hardwood floors (AquaGuard/Floor & Decor waterproof flooring) in the hallway and both bedrooms. Freshly repainted a month ago. This sleek, modern home is newly renovated. An extra-large living room and dining room are combined with fantastic city views day and night. Remote workspace and lounge area doubles as a secondary bed. Brand new kitchen cabinets equipped with shiny stainless steel appliances, a refrigerator with an ice and water dispenser, and a cozy coffee station with Keurig and K cups. The kitchen boasts quartz countertops and is fully equipped with small appliances and cooking utensils for a meal. Privately renovated bathroom, all new tile, vanity, large walk-in shower surround, glass door. This unit has a private supply closet with a digital combination lock--huge flat-screen TVs in both bedroom and living room--and premium quality hybrid mattresses.**********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.

7498786

MLS ID

December 21, 2024

Listed

December 22, 2024

Updated

Map

215 Piedmont Avenue NE Unit 1109
Atlanta GA, 30308

Interior Features

Total Stories

1


Bedrooms

1


Total Bathrooms

1


Full Bathrooms

1


Interior Features

Elevator


Appliances

Dishwasher, Disposal, Gas Range, Refrigerator


Laundry Description

None


Floor Description

Ceramic Tile, Hardwood


Fireplace

No


Fireplace Description

None


Cooling

Yes


Cooling Description

Multi Units, Wall Unit(s)


Heating

Yes


Heating Description

Hot Water, Radiant, Wall Unit(s)

Exterior/Building Features

Lot Size

0.02 Acres


Exterior Features

None


Lot Features

Corner Lot, Landscaped, Level


Architectual Style

High Rise (6 or more stories)


Roof

Other


Sewer

Public Sewer

School Information

High School

Midtown


Elementary School

Hope-Hill

Other Property Details

Taxes

$2,497


Tax Frequency

Annually


Days on Market

1


Association Fee

$1,076


Association Fee Frequency

Monthly


Garage

No


Parking

Assigned, Parking Lot


Parking Total

1


View

Yes


View Description

City


County

Fulton - GA


Water Source

Public


Pool

No


Pool Features

Indoor

Green Building Features

Green Features

None

Listed by The Zac Team with RE/MAX Metro Atlanta Cityside 404-371-4419

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Data last updated 1:39 PM UTC, 12/22/2024

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