215 Piedmont Avenue NE Unit 804, Atlanta, GA 30308

$199,850

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,… Read More 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 propertyCOs 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. Read Less

Listing courtesy of RE/MAX Metro Atlanta Cityside [email protected]

Listing Snapshot

Days Online

Last Updated

Dec 27, 2024

Property Type

Condominium

Beds

Full Baths

Square Ft.

631

Lot Size

0.01 Acres

Year Built

1963

MLS Number

10425203

30 Days Snapshot Of 30308

$448k

(avg) sold price

-27%

homes sold

-46%

(avg) days on market

Snapshot

Area Map

Additional Details

Appliances & Equipment

Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer

Basement

None

Building

631 finished sqft above grade, 631 total finished sqft, Built in 1963, Concrete, One, High Rise

Community

Sidewalks, Walk To Public Transit

Cooling

Ceiling Fan(s)

Fees

Initiation Fee: $1,426

Floors

Hardwood, Tile

Foundation

Slab

Water Features

Water body: NONE, No Dock Or Boathouse

Heating

Hot Water

Home Owner's Association

Annual Fee: $7,656, Maintenance Exterior, Maintenance Grounds, Pest Control, Reserve Fund, Security, Sewer, Swimming, Trash, Water

Kitchen

Breakfast Area

Laundry

In Hall, Laundry Closet

Lot

Leased Land: No, 0.015 acres, Corner Lot

Parking

Parking Total: 1, Assigned

Property

2+ Common Walls, Resale, Condominium, City

Security Features

Key Card Entry, Smoke Detector(s)

Sewer

Public Sewer

Taxes

Annual Amount: $2,113, Year: 2024

Utilities

Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available, Public

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215 Piedmont Avenue NE Unit 804

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