Thank you
Tim Maitski
ATCM02
404-216-0472
For an investor who wants a tenant in place until March 2025 paying $1950/month. This condo is a prime choice for investors, boasting uninterrupted rental income from 2007 to December 31, 2023, achieving an impressive zero days of vacancy over 14 years. Documentation is available upon request. With a high capitalization rate and the presence of quality tenants, this property stands out as a dependable and profitable investment opportunity for those looking to secure a valuable addition to their portfolio. This condo not only offers the charm of historic architecture but also the efficiencies of modern living in the dynamic Midtown area. This 825 square foot home features two generously sized bedrooms and a full bathroom, all bathed in natural light and complemented by elegant hardwood floors. The unit's historic character is preserved in its 1924 construction, and modern amenities such as a dishwasher, range, refrigerator, and washer/dryer combo are included for your convenience. A standout feature of this property is the significant cost savings afforded by the Homeowners' Association (HOA). The HOA provides hot water to all units, eliminating the need for an individual water heater in this condo. This unique benefit not only saves valuable space within your home but also reduces your monthly utility bills by approximately $40. Furthermore, the HOA covers essential services like gas, water, sewer, trash, internet, and cable, translating into an impressive $250 monthly value. Adding to the appeal, the HVAC system in the unit is only 3 years old, ensuring efficient and reliable climate control for your comfort. The Massellton building, a historic landmark, features a gated courtyard that offers a serene escape from the city's energy. The condo also includes a covered porch with views of the courtyard, a gated parking space, and a large storage unit for added convenience. That parking space and storage unit was purchased by the owner in 2008 for over $13,000 and is included in the sale. Today that parking spot and storage unit is probably worth over $30,000. Owner has turned down offers to buy his storage unit separately which indicates there is a demand for such amenities. Located in a prime area with unbeatable walkability, the condo is just a short distance from Ponce City Market, Piedmont Park, the Fox Theater, and the Beltline. Dining options abound, including the iconic Mary Mac's, only a block away. This listing is perfect for those who appreciate the blend of historical allure and modern functionality, right in the heart of Atlanta.
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Total Bedrooms : 2
Bedrooms On Upper Level: 0
Bedrooms On Lower Level: 0
Main Bedrooms: 2
Room Type: Other
Window Features: Insulated Windows
Total Baths: 1
Full Baths: 1
Half Baths: 0
Full Baths Main: 1
Baths Full Lower: 0
Baths Full Upper: 0
Water Source: Public
Water BodyName: NONE
Sewer: Public Sewer
Kitchen: Breakfast Room
Dining Room: Open Concept
Roommate Plan,Split Bedroom Plan
Flooring: Hardwood
Washer,Dishwasher,Refrigerator
Cable Available,Electricity Available,Natural Gas Available,Sewer Available,Water Available
Ceiling Fan(s),Central Air
Natural Gas,Forced Air
Number of Fireplaces: 0
Built Year: 1924
Roof Type: Composition
Basement: None
Common Walls: 2+ Common Walls
Levels: One
Property Age: 100
Block
Smoke Detector(s),Gated Community
Laundry Closet
Chain Link
Brick
Resale
Lot Size (Acr): 0.019
Lot Size Source: Public Records
Lot Features: Level
Property Type: Residential
Property Sub Type: Condominium
Structure Type: Other
Subdivision: Massellton
City: Atlanta
State: GA
Directions: Ponce de Leon between Piedmont and Myrtle. Best to try to park in front of the building on Ponce. If nothing is available it's best to try Myrtle Street. Then walk to the courtyard gate on Ponce.
Property Status: Active
Original List Price: $299,900
Annual Tax: $3235
Tax Year: 2023
Tax Block: C
Tax Lot: 4
Home Warranty Paid: No
Parking: 1
Parking Features: Parking Pad
Association: Yes
Annual Association Fee: 6180
Calculated Total Monthly Association Fees: 6180
Association Fee Includes: Maintenance Exterior,Trash,Maintenance Grounds,Pest Control,Reserve Fund,Sewer,Water
Community Features: Gated,Sidewalks,Walk To Public Transit,Walk To Shopping
Elementary School: VIRGINIA HIGHLAND
High School: Grady
Middle School: David T Howard
Source Neighborhood: Massellton
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
620 Peachtree Street #A.., Atlanta, GA,30308 | $219,000 | 1 | 1 | 740 | 0.017 Acre |
748 Charles Allen Drive, Atlanta, GA,30308 | $2,495,000 | 4 | 4 | -- | 0.172 Acre |
545 Angier, Atlanta, GA,30308 | $799,000 | 4 | 4 | 3,110 | 0.079 Acre |
525 Parkway Drive #314, Atlanta, GA,30308 | $297,000 | 1 | 1 | -- | 0.015 Acre |
855 Peachtree Street #2.., Atlanta, GA,30308 | $560,000 | 2 | 2 | 1,320 | 0.03 Acre |
855 Peachtree Street #2.., Atlanta, GA,30308 | $530,000 | 2 | 2 | 1,320 | 0.03 Acre |
45 Ivan Allen Jr Boulev.., Atlanta, GA,30308 | $799,000 | 1 | 1 | 1,823 | -- |
850 Piedmont Avenue #1604, Atlanta, GA,30308 | $550,000 | 2 | 2 | -- | 0.035 Acre |
860 Peachtree Street #2.., Atlanta, GA,30308 | $350,000 | 1 | 1 | 738 | 0.017 Acre |
400 Peachtree #903, Atlanta, GA,30308 | $275,000 | 1 | 1 | -- | 0.017 Acre |
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Byowner are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2024 Georgia MLS. All rights reserved.
ByOwner last updated this listing 04/30/2024 @ 17:41
MLS: 10240717
LISTED BY: Tim Maitski , ATCM02
SOURCE: Georgia MLS
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.