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198 Ponce De Leon Avenue NE , 4C

Atlanta, GA 30308
  • $299,900
  • STATUS: Active
  • ON SITE: 151 Days
  • MLS #: 10240717
UPDATED: 61 min ago
$299,900
  • 2
    BEDS
  • 0.02
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
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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Georgia MLS logo© 2024 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than Rettro Group | Century 21 Novus are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or Rettro Group | Century 21 Novus. Data last updated: 2024-06-12T09:09:51.497.
www.c21novusrettrogroup.com/homes/146594870
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198 Ponce De Leon Avenue NE , 4C Atlanta, GA 30308

  • Price: $299,900
  • Status: Active
  • On Site: 151 Days
  • Updated: 61 min ago
  • MLS #: 10240717
2
Beds
1
Baths
0
½ Baths
0.02
Acres
1924
Built
Neighborhood:
Massellton
County:
Fulton
Area:
ATLANTA
Elementary School:
Virginia Highland
Middle School:
David T Howard
High School:
Grady
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 Brick 4 SideTraditional Attached Garage YN No Carport YN No Common Walls 2+ Common Walls Construction Materials Brick Fencing Chain Link Foundation Details Block Garage YN No Levels One Lot Features Level Lot Size Area 827.64 Lot Size Source Public Records Lot Size Units Square Feet Open Parking YN Yes Parking Features Parking Pad Parking Total 1 Roof Composition Total Number Of Slips 0 View City View YN Yes

Interior Features

Above Grade Finished Area 0 Above Grade Finished Area Units Square Feet Appliances WasherDishwasherRefrigerator Basement None Below Grade Finished Area 0 Below Grade Finished Area Units Square Feet Below Grade Unfinished Area 0 Building Area Total 0 Building Area Units Square Feet Cooling Ceiling Fan(s)Central Air Cooling YN Yes Fireplace YN No Fireplaces Total 0 Flooring Hardwood Heating Natural GasForced Air Heating YN Yes Interior Features Roommate PlanSplit Bedroom Plan Kitchen Features Breakfast Room Laundry Features Laundry Closet Living Area Source Public Records Living Area Units Square Feet Main Level Bathrooms 1 Main Level Bedrooms 2 Rooms Other

Property Features

Association Fee 6180 Association Fee Includes Maintenance StructureTrashMaintenance GroundsPest ControlReserve FundSewerWater Association YN Yes Community Features GatedSidewalksNear Public TransportNear Shopping Electric On Property YN Yes Home Warranty YN No Land Lease YN No Listing Terms Conventional New Construction YN No Property Attached YN Yes Property Condition Resale Property Sub Type Condominium Security Features Smoke Detector(s)Gated Community Sewer Public Sewer Structure Type Other Tax Annual Amount 3235 Tax Year 2023 Utilities Cable AvailableElectricity AvailableNatural Gas AvailableSewer AvailableWater Available Water Body Name None Water Source Public Waterfront Features No Dock Or Boathouse Waterfront YN No

GAMLS logo Listing provided courtesy of Atlanta Communities: 404-844-4198. © 2024 Georgia Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed.


Georgia MLS logo© 2024 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than Rettro Group | Century 21 Novus are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or Rettro Group | Century 21 Novus. Data last updated: 2024-06-12T09:09:51.497.
 
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