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.**********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.
Listing Provided Courtesy of RE/MAX Metro Atlanta Cityside
Property Details
Price:
$199,850
MLS #:
7495712
Status:
Active
Beds:
1
Baths:
1
Address:
215 Piedmont Avenue NE Unit 804
Type:
Condo
Subtype:
Condominium
Subdivision:
Landmark
City:
Atlanta
Listed Date:
Dec 10, 2024
State:
GA
Finished Sq Ft:
631
Total Sq Ft:
631
ZIP:
30308
Year Built:
1963
Schools
Elementary School:
Hope-Hill
Middle School:
David T Howard
High School:
Midtown
Interior
Appliances
Dishwasher, Disposal, Dryer, Gas Range, Microwave, Refrigerator, Washer
Bathrooms
1 Full Bathroom
Cooling
Multi Units
Flooring
Ceramic Tile, Hardwood
Heating
Hot Water, Wall Unit(s)
Laundry Features
Electric Dryer Hookup, In Hall, Laundry Closet
Exterior
Architectural Style
High Rise (6 or more stories)
Community Features
Concierge, Homeowners Assoc, Near Public Transport, Sidewalks
Construction Materials
Concrete
Exterior Features
None
Other Structures
None
Parking Features
Assigned
Parking Spots
1
Roof
Other
Financial
HOA Fee
$638
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
$1,426
Tax Year
2024
Taxes
$2,113
Map
Community
- Address215 Piedmont Avenue NE Unit 804 Atlanta GA
- SubdivisionLandmark
- CityAtlanta
- CountyFulton – GA
- Zip Code30308
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Courtesy of RE/MAX Metro Atlanta Cityside. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Atlanta, GA MLS. Detailed information about real estate listings held by brokerage firms other than Area Realty include the name of the listing broker. Neither the listing company nor Area Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Atlanta, GA. All rights reserved.
215 Piedmont Avenue NE Unit 804
Atlanta, GA
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