215 Piedmont Avenue NE Unit 1001, Atlanta, GA 30308

$225,000

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. Although the final payout has not been explicitly promised, it is anticipated to provide substantial funds for significant building-wide improvements. 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 Airbnb, Booking.com, and VRBO 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.**********This recently renovated two-bedroom, one-bathroom unit offers a stylish and fully equipped living space. The property features a combined living and dining area, a separate kitchen with a large walk-in pantry, and a dedicated storage room. Hardwood floors run throughout the home, adding warmth and character. The primary bedroom is furnished with a king-size bed, a premium-quality hybrid mattress, and a wall-mounted flat-screen TV. The secondary bedroom includes a queen-size bed with a hybrid mattress and offers a beautiful view of the city. Both bedrooms provide privacy and direct access to the shared bathroom, which is clean, modern, and finished in bright white tones. The living area is designed for relaxation, complete with an adjustable wall-mounted flat-screen TV. The kitchen is fully stocked and ready for use, making it easy to host guests. The unit also includes high-speed internet, blinds, and a private supply closet secured with a digital combination lock. Freshly painted just one month ago in Sherwin-Williams Pure White, this home is turnkey and fully loaded with furnishings, including premium mattresses, all kitchenware. Perfectly prepared to comfortably accommodate several guests, this property is a rare find with both style and convenience.**********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.

1,075

Lot Size

0.03 Acres

Year Built

1963

MLS Number

10425657

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, Microwave, Refrigerator

Basement

None

Building

1,075 finished sqft above grade, 1,075 total finished sqft, Built in 1963, Contemporary, Concrete, One, High Rise

Community

Pool, Sidewalks, Walk To Public Transit, Walk To Shopping

Cooling

Ceiling Fan(s)

Fees

Initiation Fee: $2,302

Floors

Hardwood, Tile

Foundation

Slab

Water Features

Water body: NONE, No Dock Or Boathouse

Heating

Hot Water

Home Owner's Association

Annual Fee: $12,912, Maintenance Exterior, Maintenance Grounds, Pest Control, Reserve Fund, Security, Sewer, Swimming, Trash, Water

Interior Features

Master On Main Level, Roommate Plan, Split Bedroom Plan

Laundry

None

Lot

Leased Land: No, 0.025 acres, Corner Lot, Level

Parking

Parking Total: 1, Assigned

Property

2+ Common Walls, Resale, Condominium, City

Security Features

Smoke Detector(s)

Sewer

Public Sewer

Taxes

Annual Amount: $3,026, Year: 2024

Utilities

Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Sewer Available, Water Available, Public

Find The Perfect Home

'VIP' Listing Search

Whenever a listing hits the market that matches your criteria you will be immediately notified.

Join The List

Mortgage Calculator

Selling price

Down payment

Term (years)

Interest rate (%)

Monthly Payment

DEAN BRIGHT

DEAN BRIGHT

215 Piedmont Avenue NE Unit 1001

'VIP' Listing Search

Schools In The Area

Similar Listings

'VIP' Property Search

1. Neighborhoods

2. Home Type

3. Send

Get Informed

About

Quick Links