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650 Glen Iris Drive NE

Atlanta, GA 30308
  • $1,950,000
  • STATUS: Active
  • ON SITE: 7 Days
  • MLS #: 10077088
$1,950,000
  • 0
    BEDS
  • 0.02
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
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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Georgia MLS logo© 2022 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than Cindy's Realty Group | EXP Realty are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or Cindy's Realty Group | EXP Realty. Data last updated: 2022-08-09T00:05:47.59.
www.cindysrealtygroup.com/homes/131488802
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650 Glen Iris Drive NE Atlanta, GA 30308

  • Price: $1,950,000
  • Status: Active
  • On Site: 7 Days
  • MLS #: 10077088
0
Beds
0
Baths
0
½ Baths
0.02
Acres
1920
Built
Neighborhood:
Troy Peerless Lofts
County:
Fulton
Area:
ATLANTA
Elementary School:
Hope Hill
Middle School:
David T Howard
High School:
Grady
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

Attached Garage YN No Carport YN No Construction Materials Brick Garage YN No Levels Three Or More Lot Size Area 1001.88 Lot Size Source Public Records Lot Size Units Square Feet Parking Features Assigned Parking Total 6

Interior Features

Above Grade Finished Area Units Square Feet Basement None Below Grade Finished Area Units Square Feet Building Area Units Square Feet Cooling Central Air Cooling YN Yes Fireplace YN No Fireplaces Total 0 Heating ElectricForced Air Heating YN Yes Living Area Units Square Feet

Property Features

Association Fee 0 Association Fee Includes Other Association YN Yes Community Features ParkFitness CenterSidewalksStreet LightsNear Shopping Gross Income 0 New Construction YN No Property Condition Resale Property Sub Type Multi Family Sewer Public Sewer Structure Type Other Tax Annual Amount 22830 Tax Year 2021 Utilities Other Water Body Name None Water Source Public

GAMLS logo Listing provided courtesy of Keller Williams Realty: 404-564-5560. © 2022 Georgia Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed.


Georgia MLS logo© 2022 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than Cindy's Realty Group | EXP Realty are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or Cindy's Realty Group | EXP Realty. Data last updated: 2022-08-09T00:05:47.59.
 
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Cindy's Realty Group | EXP Realty
1230 Peachtree St NE, Suite 1900
Atlanta GA, 30309