clock menu more-arrow no yes mobile

Filed under:

Downtown Condo Touted as a Great Buy to Not Live In

New, 11 comments

When a listing's biggest selling point is that you can probably rent out the unit and gouge people on prices, one has to wonder exactly what's going on. To add to the mystery, the downtown condo, just blocks from Peachtree Center and not too far from about-to-maybe-be-awesome Underground Atlanta, is listed without photos of the actual unit. The building is definitely showing its age in the over-50 category, but for $64,222, for a 17th floor, 850-square-foot one-bedroom, one-bathroom unit, some intrepid investor might snag themselves a gem. The corner unit with "amazing sunset views" comes with two dedicated parking spaces, and the building offers a pool and a gym. Really, it's hard to argue with the math, with Zillow estimating the unit could rent for more than $1,000 a month. Other listings in the same building have put the HOA at around $360 (which includes utilities), meaning even with mortgage payments, a potential owner could make a pretty penny, assuming they could rent the unit regularly. And assuming it's not a hellish, moldering mess.

· 215 Piedmont Ave NE, APT 1702 [Zillow]

The Mall at Peachtree Center

231 Peachtree Street NE, Atlanta, GA 30303-1603 404 654 1296