300 W Peachtree Street, Atlanta, GA 30308

  • $384,999
300 W Peachtree Street, Atlanta, GA 30308
For Sale
300 W Peachtree Street, Atlanta, GA 30308
  • $384,999

Overview

Property ID: JS-11073565
  • Residential Income
  • Property Type
  • 1962
  • Year Built

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. There are only 22 “G” units in this entire building, which are not often available. 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 is approximately 8.65 % if the owner chooses to self-manage.

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.

  • Address 300 W Peachtree Street
  • City Atlanta
  • State/county GA
  • Zip/Postal Code 30308
  • Area Peachtree Towers
  • Country United States

Details

Updated on February 12, 2024 at 7:55 pm
  • Property ID: JS-11073565
  • Price: $384,999
  • Land Area: 0.019 Acres
  • Year Built: 1962
  • Property Type: Residential Income
  • Property Status: For Sale
  • MLS#: 7334228
  • Office Name: HOMESMART
  • Agent Name: Jamey Waters
  • MLS Status: Active
  • extra_data/PropertySubType: Other

Additional details

  • List Office MLSID: PHPA01
  • List Agent MLSID: JAMEYWAT
  • List Date: 2024-01-27
  • Roof: Other
  • View: City
  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Central
  • Tax Annual: 3669
  • Tax Year: 2023
  • Flooring: Laminate
  • County: Fulton - GA
  • Parking: None
  • Elementary School: Centennial Place
  • Middle/Junior School: Centennial Place
  • High School: Milton - Fulton
  • Community Features: Near Beltline,Near Marta,Near Schools,Near Shopping,Public Transportation,Restaurant,Sidewalks,Street Lights
  • Waterfront: None
  • Water Source: Public
  • Accessibility Features: Closets,Common Area,Accessible Elevator Installed,Accessible Entrance,Accessible Hallway(s),Accessible Washer/Dryer
  • Community Features: Near Beltline,Near Marta,Near Schools,Near Shopping,Public Transportation,Restaurant,Sidewalks,Street Lights
  • Lot Features: Other
  • Security Features: None
  • Window Features: None

Features

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