215 Piedmont AveAtlanta, GA 30308

Property Details for 215 Piedmont Ave

Year built

1963

Lot size

0.92 AC

Property size (Sq ft)

63,476 SF

Zone code

SPI1

Property type

Parking lots & garages

APN

14 005100132083

APU

14005100132083

Description

This exceptional multifamily investment opportunity, located at 215 Piedmont Ave NE in Atlanta, GA (zip code 30308), presents a unique chance to acquire a substantial condo in Fulton County. Priced at $425,000, this property is a combined unit, making it one of the largest in Downtown Atlanta, offering an expansive floor plan ideal for various rental strategies. The absence of rental restrictions allows for flexible short-term or long-term leasing, maximizing income potential. Two kitchens and multiple living spaces and bedrooms, strategically positioned, further enhance this income-generating capability. Included are a washer and dryer. The HOA fee covers all utilities and provides access to a 24-hour concierge service, a pool, and a small gym. This prime Downtown Atlanta location boasts a Walk Score of 95/100, Transit Score of 75/100, and Bike Score of 74/100, reflecting its exceptional walkability, transit access, and bikeability. Nearby attractions include Georgia State University, numerous shopping and dining options, public transportation, the World of Coca-Cola, Centennial Park, the World Congress Center, and MARTA. This property offers a compelling blend of luxury, space, and investment potential in a highly desirable, walkable neighborhood. The Peachtree Center neighborhood is ranked as the 4th most walkable in Atlanta.

• CAP approach

  CAP return

  Valuation

  6%

  $12,830,642

  6.5%

  $11,843,669

  7%

  $10,997,693

• Comparable approach

  Method

  Valuation

  Relative Method

  $31,201,704

  Geo Method

  $31,201,704

• Alternative Use

  Use

  Valuation

  Residential

  $9,990,578

  Hospitality

  $9,151,316

  Educational

  $7,613,788

  Medical

  $7,875,637

  Retail

  $11,843,669

Location Insight

City

Atlanta

County

Fulton

State

Georgia

Latitude

33.7607

Longitude

-84.382

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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