215 Piedmont AVE NE #1001 Active Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30308
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 1,075 sqft
Price per Sqft $209
Subdivision Landmark
MLS Listing ID 10425657
Style Contemporary
Bedrooms 2
Full Baths 1
Construction Status Resale
HOA Fees $12,912
HOA Y/N Yes
Year Built 1963
Annual Tax Amount $3,026
Tax Year 2024
Lot Size 1,089 Sqft
Property 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. 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.
Location
State GA
County Fulton
Rooms
Basement None
Main Level Bedrooms 2
Interior
Interior Features Master On Main Level,Roommate Plan,Split Bedroom Plan
Heating Hot Water,Other
Cooling Ceiling Fan(s)
Flooring Hardwood,Tile
Exterior
Parking Features Assigned
Garage Spaces 1.0
Community Features Pool,Sidewalks,Walk To Public Transit,Walk To Shopping
Utilities Available Cable Available,Electricity Available,High Speed Internet,Natural Gas Available,Phone Available,Sewer Available,Water Available
Waterfront Description No Dock Or Boathouse
View City
Roof Type Other
Building
Story One
Foundation Slab
Sewer Public Sewer
Level or Stories One
Construction Status Resale
Schools
Elementary Schools Hope Hill
Middle Schools David T Howard
High Schools Grady
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional