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