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300 W Peachtree Street , 12G

Atlanta, GA 30308
  • $379,000
  • STATUS: Active
  • ON SITE: 113 Days
  • MLS #: 7331172
UPDATED: 56 min ago
$379,000
  • 2
    BEDS
  • 0.02
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 826
    SQFT
  • $459
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1962
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

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. Peachtree Towers Condominiums was built in 1962 by the C.D. Spangler Construction Company. At the time, the 23-story building was considered a skyscraper, reaching a height of 240 feet, and was the tallest residential building in Atlanta. It was the first residential building in the city's center and now consists of 330 residential condominiums, including studios and one- and two-bedroom units. The condominium homes provide move-in ready living. Although you are in the city, you can feel secure with strict access control and 24-hour concierge service. HOA Dues include all utilities, including water, sewer, electric, and basic cable TV (currently through Comcast Xfinity). The hallways and common areas have all been renovated and upgraded to modern standards. All units have also been made more energy efficient by installing double-pane windows. One of the benefits of the original construction was the quality of the soundproofing of the units. In 1962, the soundproofing in the building was hailed as the best, and it has stood the test of time.

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First MLS logo Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2024 First Multiple Listing Service, Inc. Data last updated 2024-05-23T14:09:16.41. For issues regarding this website, please contact BoomTown.
www.northatlantahometeam.com/homes/147096531
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300 W Peachtree Street , 12G Atlanta, GA 30308

  • Price: $379,000
  • Status: Active
  • On Site: 113 Days
  • Updated: 56 min ago
  • MLS #: 7331172
2
Beds
2
Baths
0
½ Baths
0.02
Acres
826
SQFT
$459
$/SQFT
1962
Built
Neighborhood:
Peachtree Towers
County:
Fulton - Ga
Area:
Fulton - Ga
Elementary School:
Centennial Place
Middle School:
Centennial Place
High School:
Midtown
Property Description
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. Peachtree Towers Condominiums was built in 1962 by the C.D. Spangler Construction Company. At the time, the 23-story building was considered a skyscraper, reaching a height of 240 feet, and was the tallest residential building in Atlanta. It was the first residential building in the city's center and now consists of 330 residential condominiums, including studios and one- and two-bedroom units. The condominium homes provide move-in ready living. Although you are in the city, you can feel secure with strict access control and 24-hour concierge service. HOA Dues include all utilities, including water, sewer, electric, and basic cable TV (currently through Comcast Xfinity). The hallways and common areas have all been renovated and upgraded to modern standards. All units have also been made more energy efficient by installing double-pane windows. One of the benefits of the original construction was the quality of the soundproofing of the units. In 1962, the soundproofing in the building was hailed as the best, and it has stood the test of time.
Exterior Features

Architectural Style High Rise (6 or more stories) Construction Materials Concrete Exterior Features None Fencing None Foundation Concrete Perimeter Horse Amenities None Land Lot 78 Lot Features Other Other Structures None Parking Features None Patio And Porch Features CoveredEnclosedScreened Pool Features None Pool Private YN No Road Surface Asphalt Road Type City Street Roof Type Other Stories Three Or More View City Waterfront Features None Window Features None

Interior Features

Additional Rooms Other Appliances DishwasherDryerElectric CooktopElectric OvenElectric RangeRefrigeratorWasher Basement None Bedroom Features None Cooling Central AirMulti Units Dining Room Features None Fireplace Features None Flooring Laminate Heating CentralForced Air Interior Features BookcasesElevator Kitchen Features Cabinets WhiteStone Counters Laundry Features Main Level Main Bedrooms 2 Main Full Baths 2 Master Bathroom Features None Number Of Fireplaces 0

Property Features

Accessibility Features Accessible BedroomAccessible ClosetsAccessible Elevator InstalledAccessible Full BathAccessible KitchenAccessible Kitchen AppliancesAccessible Washer/Dryer Association Fee 679 Association Fee Frequency Monthly Association Fee Includes Cable TVDoor personElectricityGasInsuranceMaintenance StructureMaintenance GroundsPest ControlReceptionistReserve FundSewerTermiteTrashWater Association YN Yes Common Walls 2+ Common Walls Community Features Near Public TransportSidewalksStreet Lights Electric 110 Volts220 Volts Fha Condo Approval YN No Green Energy Efficient None Green Energy Generation None Hoa Rent Restrictions No Home Warranty No Land Lease YN No Lot Size Dimensions x Master Association Fee 0 Number Of Units In Community 330 Other Equipment None Owner Financing No Ownership Condominium Property Attached YN Yes Property Condition Updated/Remodeled Proposed Financing 1031 ExchangeCashConventional School Bus Route Elementary Yes School Bus Route High Yes School Bus Route Middle Yes Security Features None Sewer Public Sewer Spa Features None Special Circumstances Investor Owned Special Listing Conditions None Swim Tennis Fee Due None Tax Year 2023 Taxes 3669 Type Condominium Utilities Cable AvailableElectricity AvailablePhone AvailableSewer AvailableWater Available Water Source Public

Listing provided courtesy of HomeSmart: 404-876-4901.


First MLS logo Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2024 First Multiple Listing Service, Inc. Data last updated 2024-05-23T14:09:16.41. For issues regarding this website, please contact BoomTown.
 
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