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650 Glen Iris Drive NE , 1, 8, 10, 35

Atlanta, GA 30308
  • $1,950,000
  • STATUS: Active
  • ON SITE: 17 Days
  • MLS #: 7088657
UPDATED: 52 min ago
$1,950,000
  • 7
    BEDS
  • 0.01
    ACRES
  • 6
    BATHS
  • 1
    1/2 BATHS
  • 5,387
    SQFT
  • $362
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1920
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

This is an investment portfolio of 4 different properties, all of them unique and with a proven track record as furnished rentals. As-is, this portfolio offers a desirable cap rate, but the rental market offers the potential for greater cash flow. As an added perk, each unit has its own storage unit(s). Troy Peerless Lofts is located in one of Atlanta's most walkable locations - it is a charming and unique Old Fourth Ward building, directly across from Ponce City Market, and the Atlanta Beltline. These authentic renovated lofts are on the National Register of Historic Places. The Isaac Moscowitz designed building is one of Atlanta's best remaining examples of Deco Modernism. The flexible floor plans w/modern amenities have all the charm of the original industrial laundry with exposed brick, beams & ductwork, metal truss ceilings, soaring ceilings, and industrial windows. Each unit has a unique floorplan and unique architectural features. The industrial aesthetic gives the lofts a fun, cool feel. The windows let in tons of natural light - they are huge and original. There are black out shades for when you want to relax and sleep in late. Some of the units have concrete floors, some have hardwood floors. All these special features make this a great place to live. Building amenities include rooftop deck for incredible views of the city, side patio with fountain, dog walk, gym and club room. There is so much to do here - you are in the thick of everything and you don't need a car (even though there are deeded parking spaces). Ponce City Market, the Beltline, and Whole Foods are right outside your door. Getting downtown is a breeze and interstate access is close. Walk or bike to the Beltline, Piedmont Park, yoga, gym, coffee and Ponce City Market where you can find amazing shopping, dining and nightlife! It's a diverse, friendly neighborhood with a mix of old and new all around! These true historic lofts are rare and are sure to appreciate due to their unique appeal and desirable location.

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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. © 2022 First Multiple Listing Service, Inc. Data last updated 2022-08-15T17:04:56.22. For issues regarding this website, please contact BoomTown.
www.alpharettazen.com/homes/131347362
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650 Glen Iris Drive NE , 1, 8, 10, 35 Atlanta, GA 30308

  • Price: $1,950,000
  • Status: Active
  • On Site: 17 Days
  • Updated: 52 min ago
  • MLS #: 7088657
7
Beds
6
Baths
1
½ Baths
0.01
Acres
5,387
SQFT
$362
$/SQFT
1920
Built
Neighborhood:
Troy Peerless
County:
Fulton
Area:
Fulton
Elementary School:
Hope-Hill
Middle School:
David T Howard
High School:
Midtown
Property Description
This is an investment portfolio of 4 different properties, all of them unique and with a proven track record as furnished rentals. As-is, this portfolio offers a desirable cap rate, but the rental market offers the potential for greater cash flow. As an added perk, each unit has its own storage unit(s). Troy Peerless Lofts is located in one of Atlanta's most walkable locations - it is a charming and unique Old Fourth Ward building, directly across from Ponce City Market, and the Atlanta Beltline. These authentic renovated lofts are on the National Register of Historic Places. The Isaac Moscowitz designed building is one of Atlanta's best remaining examples of Deco Modernism. The flexible floor plans w/modern amenities have all the charm of the original industrial laundry with exposed brick, beams & ductwork, metal truss ceilings, soaring ceilings, and industrial windows. Each unit has a unique floorplan and unique architectural features. The industrial aesthetic gives the lofts a fun, cool feel. The windows let in tons of natural light - they are huge and original. There are black out shades for when you want to relax and sleep in late. Some of the units have concrete floors, some have hardwood floors. All these special features make this a great place to live. Building amenities include rooftop deck for incredible views of the city, side patio with fountain, dog walk, gym and club room. There is so much to do here - you are in the thick of everything and you don't need a car (even though there are deeded parking spaces). Ponce City Market, the Beltline, and Whole Foods are right outside your door. Getting downtown is a breeze and interstate access is close. Walk or bike to the Beltline, Piedmont Park, yoga, gym, coffee and Ponce City Market where you can find amazing shopping, dining and nightlife! It's a diverse, friendly neighborhood with a mix of old and new all around! These true historic lofts are rare and are sure to appreciate due to their unique appeal and desirable location.
Exterior Features

Architectural Style LoftTownhouse Construction Materials Brick 4 Sides Covered Spaces 0 Exterior Features Other Fencing Fenced Foundation See Remarks Horse Amenities None Land Lot 0 Lot Features LevelOther Number Of Parking Spaces 6 Other Structures None Parking Features Assigned Patio And Porch Features Rooftop Pool Features None Road Surface Paved Road Type Other Roof Type Other Stories One View City Waterfront Features None Window Features None

Interior Features

Additional Rooms Other Appliances DishwasherDisposalElectric RangeMicrowaveRefrigerator Basement None Bedroom Features Other Cooling Central Air Dining Room Features Open Concept Fireplace Features None Flooring ConcreteHardwood Heating ElectricForced Air Interior Features High Ceilings 10 Ft Main Kitchen Features Breakfast BarCabinets OtherStone Counters Laundry Features Main Level Main Bedrooms 7 Main Full Baths 6 Master Bathroom Features Shower OnlyTub/Shower Combo Number Of Fireplaces 0

Property Features

Accessibility Features None Association Fee 1764 Association Fee Frequency Monthly Association Fee Includes Maintenance StructureMaintenance GroundsTrash Association YN Yes Common Walls 2+ Common Walls Community Features Near BeltlineNear ShoppingNear Trails/GreenwaySidewalksStreet Lights Electric 110 Volts220 Volts Fha Condo Approval YN No Green Energy Efficient None Green Energy Generation None Hoa Rent Restrictions Yes Home Warranty No Initiation Fee 645 Lake Name None Land Lease YN No Lot Size Dimensions X Management Company Silver Leaf Management Master Association Fee 0 Master Association Fee Frequency Annually Number Of Units In Community 32 Occupant Type Vacant Other Equipment None Owner Financing No Ownership Condominium Property Attached YN Yes Property Condition Resale Security Features Fire Sprinkler SystemKey Card EntrySecurity GateSmoke Detector(S) Sewer Public Sewer Spa Features None Special Circumstances None Special Listing Conditions None Tax Year 2021 Taxes 22830 Type Condominium Utilities Cable AvailableElectricity AvailableNatural Gas Available Water Source Public

Listing provided courtesy of Keller Williams Realty Metro Atlanta.


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. © 2022 First Multiple Listing Service, Inc. Data last updated 2022-08-15T17:04:56.22. For issues regarding this website, please contact BoomTown.
 
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