215 Piedmont AVE NE #804, Atlanta, GA 30308 - MLS#10425203

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Virnalisi JohnsonKing

[email protected] +1(404) 290-6914

Listed by Zac Pasmanick • RE/MAX Metro Atlanta Cityside

$199,850

Est. payment - /mo

1 Bed

1 Bath

631 SqFt

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UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 631 sqft

Price per Sqft $316

Subdivision Landmark

MLS Listing ID 10425203

Style Other

Bedrooms 1

Full Baths 1

Construction Status Resale

HOA Fees $7,656

HOA Y/N Yes

Year Built 1963

Annual Tax Amount $2,113

Tax Year 2024

Lot Size 653 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. The finished renovations promise to enhance the propertyCOs 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.

Location

State GA

County Fulton

Rooms

Basement None

Main Level Bedrooms 1

Interior

Interior Features Other

Heating Hot Water

Cooling Ceiling Fan(s), Other

Flooring Hardwood, Tile

Exterior

Parking Features Assigned

Garage Spaces 1.0

Community Features Sidewalks, Walk To Public Transit

Utilities Available Cable Available, Electricity Available, Natural Gas 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

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Virnalisi JohnsonKing

+1(404) 290-6914

Agent | License ID: 144248

Agent License ID: 144248