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198 Ponce De Leon Avenue NE , 4C

Atlanta, GA 30308
  • $299,900
  • STATUS: Active
  • ON SITE: 133 Days
  • MLS #: 7322159
UPDATED: 105 min ago
$299,900
  • 2
    BEDS
  • 0.02
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 825
    SQFT
  • $364
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1924
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

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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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 2024-05-23T16:07:52.383. For issues regarding this website, please contact BoomTown.
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198 Ponce De Leon Avenue NE , 4C Atlanta, GA 30308

  • Price: $299,900
  • Status: Active
  • On Site: 133 Days
  • Updated: 105 min ago
  • MLS #: 7322159
2
Beds
1
Baths
0
½ Baths
0.02
Acres
825
SQFT
$364
$/SQFT
1924
Built
Neighborhood:
Massellton
County:
Fulton - Ga
Area:
Fulton - Ga
Elementary School:
Virginia-Highland
Middle School:
David T Howard
High School:
Midtown
Property Description
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.
Exterior Features

Architectural Style Traditional Construction Materials Brick 4 Sides Dock None Exterior Features Courtyard Fencing Chain Link Foundation Block Horse Amenities None Land Lot 0 Lot Features Level Number Of Parking Spaces 1 Other Structures None Parking Features DeededParking Lot Patio And Porch Features CoveredFront Porch Pool Features None Pool Private YN No Road Surface Asphalt Road Type City Street Roof Type Composition Stories One View City Waterfront Features None Window Features None

Interior Features

Additional Rooms Other Appliances DishwasherElectric OvenElectric RangeRefrigeratorWasher Basement None Bedroom Features Roommate Floor PlanSplit Bedroom Plan Cooling Ceiling Fan(s)Central Air Dining Room Features Separate Dining Room Fireplace Features None Flooring Hardwood Heating Forced AirNatural Gas Interior Features Crown Molding Kitchen Features Breakfast RoomCabinets WhiteStone Counters Laundry Features Laundry Closet Main Bedrooms 2 Main Full Baths 1 Master Bathroom Features Tub/Shower Combo Number Of Fireplaces 0

Property Features

Accessibility Features None Association Fee 515 Association Fee Frequency Monthly Association Fee Includes Cable TVGasMaintenance StructureMaintenance GroundsPest ControlReserve FundSewerTrashWater Association YN Yes Common Walls 2+ Common Walls Community Features GatedHomeowners AssocNear Public TransportNear ShoppingNear Trails/GreenwaySidewalks Electric Other 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 43 Other Equipment None Owner Financing No Ownership Condominium Property Attached YN Yes Property Condition Resale Proposed Financing Conventional Security Features Secured Garage/ParkingSecurity GateSmoke Detector(s) Sewer Public Sewer Spa Features None Special Circumstances None Special Listing Conditions None Swim Tennis Fee Due None Tax Year 2023 Taxes 3235 Type Condominium Utilities Cable AvailableElectricity AvailableNatural Gas AvailableSewer AvailableWater Available Water Source Public

Listing provided courtesy of Atlanta Communities: 404-216-0472.


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 2024-05-23T16:07:52.383. For issues regarding this website, please contact BoomTown.
 
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