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More Proof That Dollars Stretch Like Putty In Downtown ATL

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Downtown Atlanta's dirt-cheap condo market raises a couple of interesting questions: Will we all be kicking ourselves in five years that we didn't scoop up these centrally located flats? Or is the potential upside still not quite there? Once again, a totally livable condo in the low-$100,000s gets those wheels of thought spinning. Priced at $135,000, this two-bedroom corner loft in The Metropolitan building might not have direct Beltline access, but it's practically next door to Georgia State University and around the corner from Centennial Olympic Park. Zillow estimates that mortgage payments would be $500, give or take — for 1,150 square feet. This isn't a shoebox studio. Note the pretty hardwoods, open layout, 12-foot ceilings and Georgia Dome views from the office, all of which inspire the listing agent to declare, "This is what living downtown is all about!" Sure, the kitchen cabinetry could use some sledgehammer maintenance, the bathrooms are like a cruel before-after juxtaposition and whatever coats the ceilings looks like popcorn's derelict cousin. But most high school kids with summer jobs could handle this nut. It sold for substantially more ($175,500) back in 2007.
· 20 Marietta St. NW Apt. 6B [Zillow]
· Downtown Living With A View For A Paltry $120K [Curbed Atlanta]
· Downtown: The New, Um, Darling Of Urban Atlanta? [Curbed]