tomo logo

$250,000

Beds
1
Baths
1.0
sq ft
1,020

215 Piedmont Ave NE Unit 1109, Atlanta, GA 30308

215 Piedmont Ave NE Unit 1109

Atlanta, GA 30308

  • <1 day on market
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.**********One bedroom, One 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. This sleek, modern home is newly renovated. An extra-large living room and dining room are combined with fantastic city views day and night. Remote workspace and lounge area doubles as a secondary bed. Brand new kitchen cabinets equipped with shiny stainless steel appliances, a refrigerator with an ice and water dispenser, and a cozy coffee station with Keurig and K cups. The kitchen boasts quartz countertops and is fully equipped with small appliances and cooking utensils for a meal. Privately renovated bathroom, all new tile, vanity, large walk-in shower surround, glass door. This unit has a private supply closet with a digital combination lock—huge flat-screen TVs in both bedroom 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.

Details

Property type

Condominium

Lot size

1,019 sq ft

Price per sq ft

$246

Year built

1963

Annual property taxes

$2,497

Monthly HOA fee

$1,076

Price History

12/21/2024
FMLS

FMLS #7498786

Listed
$250,000
+60.77%
01/28/2022
FMLS

FMLS #6984499

Sold
$155,500
+48.1%
11/03/2016
FMLS

FMLS #5761368

Sold
$105,000
+18.64%

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Hope-Hill

Middle school: 

David T Howard

High school: 

Midtown

Community features: 

Pool

Number of units in community: 

205

Status: Active

Tomo last checked: 12/22/2024 at 1:25 AM

Listing updated: 12/22/2024 at 12:50 AM

Listed by: The Zac Team, RE/MAX Metro Atlanta Cityside Phone #: (404) 371-4419

MLS: FMLS #7498786

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