$199,850
For Sale

215 Piedmont Avenue NE #804

Atlanta, GA 30308
1 bed | 1 bath | 0.01 acres | #7495712
Browse 37 photos
Type:Purchase
Structure:Condo
Zone:Residential

Description

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.**********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.

  • Property Details
      • Utility FeaturesCable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
      • InteriorElevator, His and Hers Closets
      • StyleHigh Rise (6 or more stories)
      • Lot DescriptionCorner Lot, Landscaped
      • Middle SchoolDavid T Howard
      • Sewer InformationPublic Sewer
      • CountyFulton - GA
      • Property SubtypeCondominium
      • Elementary SchoolHope-Hill
      • Parking FeaturesAssigned
      • Property TypePurchase
      • SubdivisionLandmark
      • Original List Price$199,850
      • High SchoolMidtown
      • MLS #7495712
      • MLS #7495712
      • Acres0.0145
      • Utility SourcePublic
      • Taxes Annual$2,113
      • Cost199850
      • Property ConditionResale
      • ViewCity
      • Year Built1963
      • Hoa Fees638
      • Bedrooms1
      • Bathrooms1
      • Full Baths1
      • Bedrooms on Main Level1
      • Master on Main1

Location

Nils Ericson, Realtor | Ericson & AssociatesReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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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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