Active
215 Piedmont Avenue NE Unit 1406
Atlanta GA, 30308
$275,000
$218.95 per sqft
Active
2 Beds
2 Baths
1,256 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.**********Largest of the floor plans, Two bedroom, Two 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. The coffee nook is brightly lit in the morning and a great place to enjoy morning coffee and watch the sunset! The main living-dining room combination is a comfortable, expansive place to gather and entertain or spread out for work calls. The kitchen boasts granite countertops, fully equipped with small appliances and cooking utensils for a meal. The primary bedroom offers great views and a privately renovated bathroom, all new tile, vanity, shower surround, rare in-unit washer and dryer. The second bedroom has access to the hall bathroom. This unit has a private supply closet with a digital combination lock--huge flat-screen TVs in every room, both bedrooms 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.
7495701
MLSⓇ ID
December 10, 2024
Listed
January 9, 2025
Updated
Map
215 Piedmont Avenue NE Unit 1406
Atlanta GA, 30308
Interior Features
Total Stories
1
Bedrooms
2
Total Bathrooms
2
Full Bathrooms
2
Interior Features
Bookcases, Entrance Foyer, Walk-In Closet(s)
Appliances
Dishwasher, Disposal, Dryer, Gas Range, Refrigerator, Washer
Laundry Description
In Bathroom, Laundry Room, Main Level
Floor Description
Ceramic Tile, Hardwood
Fireplace
No
Fireplace Description
None
Cooling
Yes
Cooling Description
Ceiling Fan(s), Multi Units
Heating
Yes
Heating Description
Hot Water, Wall Unit(s)
Exterior/Building Features
Lot Size
0.03 Acres
Exterior Features
None
Lot Features
Corner Lot, Level
Architectual Style
High Rise (6 or more stories)
Roof
Other
Sewer
Public Sewer
School Information
High School
Midtown
Elementary School
Centennial Place
Other Property Details
Taxes
$3,246
Tax Frequency
Annually
Days on Market
30
Association Fee
$1,274
Association Fee Frequency
Monthly
Garage
No
Parking
Assigned
Parking Total
1
View
Yes
View Description
City
County
Fulton - GA
Water Source
Public
Pool
No
Pool Features
In Ground
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 9:08 PM UTC, 1/9/2025