$250,000
For Sale

215 Piedmont Avenue NE #2208

Atlanta, GA 30308
850 sqft | 1 bed | 1 bath | 0.02 acres | #10425063
Type:Purchase
Structure:Condo
Zone:Residential

Description

CASH FLOW JUGGERNAUT BUSINESS, PENTHOUSE CORNER UNIT, 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 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. Newly renovated One Bedroom, One Bathroom, PENTHOUSE CORNER Level, Top Floor, Living room Dining room combination, Remote Workstation Setup, and storage room. Fully supplied and stocked. ALL FURNISHING INCLUDED. Completely renovated with new sleek blue cabinets equipped with shiny stainless steel appliances, refrigerator with ice and water dispenser. Cozy coffee nook with K cups for your morning enjoyment. Remote work paradise, quiet top-floor is tranquil to focus, amazing Night city views. New luxury vinyl hardwood floors (AquaGuard/Floor & Decor waterproof flooring) throughout. Work/Gamer Automated adjustable Standing desk, Super comfy Gaming Chair or Stand, Dual Monitors Samsung 27-inch 1920x1080 Curved Monitors, Docking Station, Wireless Keyboard and Mouse for convenience. The primary bedroom offers great views with a private bathroom and a stunning city view. The second bed is a comfy sleeper sofa with plenty of pillows and has access to the hall bathroom. This unit has a private supply closet with a digital combination lock huge and flat-screen TVs in every room, both bedroom and living room and super-premium quality hybrid mattress. 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.

  • Property Details
      • Utility FeaturesCable Available, Electricity Available
      • InteriorMaster On Main Level
      • Waterfront FeaturesNo Dock Or Boathouse
      • Middle SchoolDavid T Howard
      • Sewer InformationPublic Sewer
      • Lot DescriptionCorner Lot
      • Elementary SchoolHope Hill
      • Property SubtypeHigh Rise
      • Structure TypeHigh Rise
      • Property TypePurchase
      • SubdivisionLandmark
      • MLS #10425063
      • MLS #10425063
      • Utility SourcePublic
      • CountyFulton
      • Taxes Annual$2,589
      • Cost250000
      • StyleOther
      • High SchoolGrady
      • Hoa Fees10284
      • Acres0.02
      • Year Built1963
      • FoundationSlab
      • Square Feet850
      • Bedrooms1
      • Bathrooms1
      • Full Baths1
      • Bedrooms on Main Level1
      • Parking Spaces1
      • Master on Main1

Location

Nils Ericson, Realtor | Ericson & AssociatesReal Estate Group
$
years

Down Payment

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10.0%

Interest Rate

%
6.0%

Tax Rate

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2.6%
$
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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