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215 Piedmont Avenue NE Unit 1406
Atlanta, GA, 30308
$275,000
2 Beds
2 Baths
1,256 SqFt
0.03 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.**********Largest of the floor plans, Two bedroom, Two 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. The coffee nook is brightly lit in the morning and a great place to enjoy morning coffee and watch the sunset! The main living-dining room combination is a comfortable, expansive place to gather and entertain or spread out for work calls. The kitchen boasts granite countertops, fully equipped with small appliances and cooking utensils for a meal. The primary bedroom offers great views and a privately renovated bathroom, all new tile, vanity, shower surround, rare in-unit washer and dryer. The second bedroom has access to the hall bathroom. This unit has a private supply closet with a digital combination lock—huge flat-screen TVs in every room, both bedrooms 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:
$275,000
MLS #:
7495701
Status:
Active
Beds:
2
Baths:
2
Address:
215 Piedmont Avenue NE Unit 1406
Type:
Condo
Subtype:
Condominium
Subdivision:
Landmark
City:
Atlanta
Listed Date:
Dec 10, 2024
State:
GA
Finished Sq Ft:
1,256
Total Sq Ft:
1,256
ZIP:
30308
Year Built:
1963
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Schools

Elementary School:
Centennial Place
Middle School:
David T Howard
High School:
Midtown

Interior

Appliances
Dishwasher, Disposal, Dryer, Gas Range, Refrigerator, Washer
Bathrooms
2 Full Bathrooms
Cooling
Ceiling Fan(s), Multi Units
Flooring
Ceramic Tile, Hardwood
Heating
Hot Water, Wall Unit(s)
Laundry Features
In Bathroom, Laundry Room, Main Level

Exterior

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

Financial

HOA Fee
$1,274
HOA Frequency
Monthly
HOA Includes
Electricity, Gas, Internet, Maintenance Grounds, Maintenance Structure, Pest Control, Swim, Termite, Trash
Initiation Fee
$2,698
Tax Year
2024
Taxes
$3,246

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Community

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215 Piedmont Avenue NE Unit 1406
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