RARE FIND! NO HOA RENTAL RESTRICTIONS! 2 bedroom AND 2 bath fully renovated fully furnished condominium in the iconic and historic downtown Peachtree Towers Condominiums. This unit is currently being used for short-term rental on Airbnb, but it could also be used for a primary residence, corporate rental, or college housing for someone attending one of the many downtown college/university campuses. The two-bedroom units do not become available very often. Maybe that’s because they can routinely generate over $50,000 in gross annual revenue as a short-term rental on Airbnb, making them a CASH COW, and this unit is no exception. Last year, it generated over $53,000. This unit is situated in a premium spot of the building, allowing for what locals call the “Sunset View” from the screened-in balcony with views of Georgia Aquarium and Centennial Park. This unit is also unique even for this building because it has its very own washer and dryer. The CAP RATE for this property can be over 9% if the owner chooses to self-manage as a short-term rental. Peachtree Towers Condominiums was built in 1962 by the C.D. Spangler Construction Company. At the time, the 23-story building was considered a skyscraper, reaching a height of 240 feet, and was the tallest residential building in Atlanta. It was the first residential building in the city's center and now consists of 330 residential condominiums, including studios and one- and two-bedroom units. The condominium homes provide move-in ready living. Although you are in the city, you can feel secure with strict access control and 24-hour concierge service. HOA Dues include all utilities, including water, sewer, electric, and basic cable TV (currently through Comcast Xfinity). The hallways and common areas have all been renovated and upgraded to modern standards. All units have also been made more energy efficient by installing double-pane windows. One of the benefits of the original construction was the quality of the soundproofing of the units. In 1962, the soundproofing in the building was hailed as the best, and it has stood the test of time.
Closed
$350,000
300 W Peachtree St NW Unit 12G, Atlanta, GA 30308
2beds
826sqft
Condominium, Residential
Built in 1962
-- sqft lot
$292,700 Zestimate®
$424/sqft
$2,276 Estimated rent
Home value
$292,700
$266,000 - $319,000
$2,276/mo
Zestimate® history
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Basic cable tvScreened-in balcony
Zillow last checked:
Listing updated:
Listed by:
Jamey Waters,
HomeSmart 404-876-4901
Bought with:
Ryan Hartkopp, 388163
FIV Realty Co GA, LLC
Source: FMLS GA,MLS#: 7331172
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 2
Rooms
- Room types: Other
Primary bedroom
- Features: None
- Level: None
Bedroom
- Features: None
Primary bathroom
- Features: None
Dining room
- Features: None
Kitchen
- Features: Cabinets White, Stone Counters
Heating
- Central, Forced Air
Cooling
- Central Air, Multi Units
Appliances
- Included: Dishwasher, Dryer, Electric Cooktop, Electric Oven, Electric Range, Refrigerator, Washer
- Laundry: Main Level
Features
- Bookcases, Elevator
- Flooring: Laminate
- Windows: None
- Basement: None
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 826
- Total interior livable area: 826 sqft
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: Accessible Bedroom, Accessible Closets, Accessible Elevator Installed, Accessible Full Bath, Accessible Kitchen, Accessible Kitchen Appliances, Accessible Washer/Dryer
Features
- Levels: Three Or More
- Patio & porch: Covered, Enclosed, Screened
- Exterior features: None
- Pool features: None
- Spa features: None
- Fencing: None
- Has view: Yes
- View description: City
- Waterfront features: None
- Body of water: None
Lot
- Size: 827 Square Feet
- Features: Other
Details
- Additional structures: None
- Parcel number: 14 007800141364
- Other equipment: None
- Horse amenities: None
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium, Residential
- Attached to another structure: Yes
Materials
- Concrete
- Foundation: Concrete Perimeter
- Roof: Other
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1962
Utilities & green energy
- Electric: 110 Volts, 220 Volts
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
Green energy
- Energy efficient items: None
- Energy generation: None
Community & HOA
Community
- Features: Near Public Transport, Sidewalks, Street Lights
- Security: None
- Subdivision: Peachtree Towers
HOA
- Has HOA: Yes
- Services included: Cable TV, Door Person, Electricity, Gas, Insurance, Maintenance Structure, Maintenance Grounds, Pest Control, Receptionist, Reserve Fund, Sewer, Termite, Trash, Water
- HOA fee: $679 monthly
- HOA phone: 404-524-6190
Location
- Region: Atlanta
Financial & listing details
- Price per square foot: $424/sqft
- Annual tax amount: $3,669
- Date on market: 2/1/2024
- Cumulative days on market: 118 days
- Listing terms: 1031 Exchange,Cash,Conventional
- Ownership: Condominium
- Electric utility on property: Yes
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 7/24/2024 | Sold | $350,000-7.7%$424/sqft |
Source:  FMLS GA #7331172 Report a problem | ||
| 7/10/2024 | Contingent | $379,000$459/sqft |
Source:  HomeSmart #10248492 Report a problem | ||
| 5/29/2024 | Pending sale | $379,000$459/sqft |
Source:  GAMLS #10248492 Report a problem | ||
| 4/3/2024 | Price change | $379,000-1.6%$459/sqft |
Source: GAMLS #10248492 Report a problem | ||
| 2/2/2024 | Listed for sale | $384,999$466/sqft |
Source: FMLS GA #7331172 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Downtown
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Nearby schools
GreatSchools rating
- 6/10Centennial AcademyGrades: K-8Distance: 0.6 mi
- 9/10Midtown High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- Elementary: Centennial Place
- Middle: Centennial Place
- High: Midtown
Source: FMLS GA. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$292,700
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Estimated market value
$292,700
- Georgia
- Fulton County
- Atlanta
- 30308
- Downtown
- 300 W Peachtree St NW Unit 12G
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