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215 Piedmont Avenue NE Unit 1109
Atlanta, GA, 30308
$250,000
1 Beds
1 Baths
1,020 SqFt
0.02 Acres
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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.
Listing Provided Courtesy of RE/MAX Metro Atlanta Cityside

Property Details

Price:
$250,000
MLS #:
7498786
Status:
Active
Beds:
1
Baths:
1
Address:
215 Piedmont Avenue NE Unit 1109
Type:
Condo
Subtype:
Condominium
Subdivision:
Landmark
City:
Atlanta
Listed Date:
Dec 21, 2024
State:
GA
Finished Sq Ft:
1,020
Total Sq Ft:
1,020
ZIP:
30308
Year Built:
1963
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Schools

Elementary School:
Hope-Hill
Middle School:
David T Howard
High School:
Midtown

Interior

Appliances
Dishwasher, Disposal, Gas Range, Refrigerator
Bathrooms
1 Full Bathroom
Cooling
Multi Units, Wall Unit(s)
Flooring
Ceramic Tile, Hardwood
Heating
Hot Water, Radiant, Wall Unit(s)
Laundry Features
None

Exterior

Architectural Style
High Rise (6 or more stories)
Community Features
Concierge, Homeowners Assoc, Meeting Room, Near Public Transport, Near Shopping, Near Trails/ Greenway, Pool
Construction Materials
Concrete
Exterior Features
None
Other Structures
None
Parking Features
Assigned, Parking Lot
Parking Spots
1
Roof
Other

Financial

HOA Fee
$1,076
HOA Frequency
Monthly
HOA Includes
Electricity, Gas, Internet, Maintenance Grounds, Maintenance Structure, Pest Control, Reserve Fund, Security, Sewer, Swim, Termite, Trash, Utilities, Water
Initiation Fee
$2,302
Tax Year
2024
Taxes
$2,497

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Community

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215 Piedmont Avenue NE Unit 1109
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