$379,000
Reduced By $5,999 last change 4/3/2024
Bedrooms
2
Baths
Full Baths
Year Built
1962
Days On Market
97
Half Baths
0
47 Photos
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Home Description: 300 W Peachtree St # 12G
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.
Available now at $379,000
Neighborhood
The average asking price of a 2 bedroom Atlanta condo in this zip code is $504,082 (33.0% more than this home).
This condo is priced at $459/sqft, which is 15.1% less than similar condos in the 30308 zip code.
Map Map | Street Street | Birds Eye Birds Eye
300 W Peachtree St # 12G Atlanta GA 30308
Similar to: 300 W Peachtree St # 12G
For Sale Near: 300 W Peachtree St # 12G
School Information
Financial
Area Stats
These statistics are updated daily from the Georgia Multiple Listing Service. For further analysis or to obtain statistics not shown below please call EasyStreet Realty at (404) 998-4164 and speak with one of our real estate consultants.
Listing Courtesy of HomeSmart.
300 W Peachtree St # 12G, Atlanta GA is a condo of 826 sqft and is currently priced at $379,000 . This condo has 2 bedrooms. A comparable condo for sale at 215 Piedmont Ne Ave # 1008 in Atlanta is listed at $260,000. This condo on 300 W Peachtree St # 12G has decreased in price by $5,999 and the last change was on 4/3/2024. In addition to condos, EasyStreet also makes it easy to find Homes, Condos, New Homes and Foreclosures in Atlanta, GA. The Realm, Troy Peerless Lofts and Block Lofts are nearby neighborhoods. MLS 7331172F has been posted on this site since 2/1/2024 (91 days ago).
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