Thank you
Jamey Waters
PHPA01
678-730-4285
RARE FIND! NO HOA RENTAL RESTRICTIONS! 2 bedroom AND 2 bath fully renovated fully furnished condominium in the iconic and historic downtown Peachtree Towers Condominiums. This unit is currently being used for short-term rental on Airbnb, but it could also be used for a primary residence, corporate rental, or college housing for someone attending one of the many downtown college/university campuses. The two-bedroom units do not become available very often. Maybe that's because they can routinely generate over $50,000 in gross annual revenue as a short-term rental on Airbnb, making them a CASH COW, and this unit is no exception. Last year, it generated over $53,000. This unit is situated in a premium spot of the building, allowing for what locals call the "Sunset View" from the screened-in balcony with views of Georgia Aquarium and Centennial Park. This unit is also unique even for this building because it has its very own washer and dryer. The CAP RATE for this property can be over 9% if the owner chooses to self-manage as a short-term rental.
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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: 2
Full Baths: 2
Half Baths: 0
Full Baths Main: 2
Baths Full Lower: 0
Baths Full Upper: 0
Water Source: Public
Water BodyName: NONE
Sewer: Public Sewer
Bookcases
Flooring: Laminate
Dishwasher,Dryer,Refrigerator,Washer
Cable Available,Electricity Available,Phone Available,Sewer Available,Water Available
Central Air
Electric: 220 Volts
Central,Forced Air
Number of Fireplaces: 0
Built Year: 1962
Roof Type: Other
Basement: None
Common Walls: 2+ Common Walls
Levels: Three Or More
Property Age: 62
Accessible Elevator Installed,Accessible Full Bath,Accessible Kitchen
Laundry Closet
Screened
Concrete
Updated/Remodeled
Lot Size (Acr): 0.019
Land Lot: 78
Lot Size Source: Public Records
Lot Features: Other
Property Type: Residential
Property Sub Type: Condominium
Structure Type: High Rise
Subdivision: Peachtree Towers
City: Atlanta
State: GA
Directions: If you google 300 Peachtree Towers it takes you to the side of the building. There is paid parking around the other side.
Property Status: Active
Original List Price: $379,000
Annual Tax: $3669
Tax Year: 2023
Home Warranty Paid: No
Parking: 0
Parking Features: None
Association: Yes
Annual Association Fee: 7020
Calculated Total Monthly Association Fees: 7020
Association Fee Includes: Insurance,Maintenance Exterior,Maintenance Grounds,Pest Control,Reserve Fund,Sewer,Trash,Water
Community Features: Sidewalks,Street Lights,Walk To Public Transit
Elementary School: Centennial Place
High School: Grady
High School Bus: Yes
Middle School: Centennial Place
Middle School Bus: Yes
Source Neighborhood: Peachtree Towers
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 | $530,000 | 2 | 2 | 1,320 | 0.03 Acre |
45 Ivan Allen Jr Boulev.., Atlanta, GA,30308 | $799,000 | 1 | 1 | 1,823 | -- |
751 Piedmont Avenue #16, Atlanta, GA,30308 | $464,000 | 2 | 2 | 922 | 0.011 Acre |
300 W Peachtree St 7 A, Atlanta, GA,30308 | $230,000 | 1 | 1 | -- | 0.014 Acre |
565 Peachtree Street #U.., Atlanta, GA,30308 | $310,000 | 1 | 1 | 780 | 0.018 Acre |
805 Peachtree Street #401, Atlanta, GA,30308 | $546,500 | 2 | 2 | 1,550 | 0.035 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 05/09/2024 @ 05:39
MLS: 10248492
LISTED BY: Jamey Waters , PHPA01
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.