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650 Glen Iris Drive NE

Atlanta, GA 30308
  • $1,950,000
  • STATUS: Active
  • ON SITE: 18 Days
  • MLS #: 7090546
UPDATED: 69 min ago
$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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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 2022-08-16T00:03:43.767. For issues regarding this website, please contact BoomTown.
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650 Glen Iris Drive NE Atlanta, GA 30308

  • Price: $1,950,000
  • Status: Active
  • On Site: 18 Days
  • Updated: 69 min ago
  • MLS #: 7090546
0
Beds
0
Baths
0
½ Baths
0.02
Acres
1920
Built
Neighborhood:
Troy Peerless Lofts
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

Construction Materials Brick 4 Sides Dock None Fencing Fenced Land Lot 0 Lot Features Other Number Of Parking Spaces 6 Parking Features Parking Lot Roof Type Other Stories Three Or More View City Waterfront Features None Window Features None

Interior Features

Cooling Central Air Flooring ConcreteHardwood Heating ElectricForced Air

Property Features

Accessibility Features None Community Features Fitness CenterHomeowners AssocNear BeltlineNear ShoppingNear Trails/GreenwayParkPublic TransportationSidewalksStreet Lights Green Energy Efficient None Green Energy Generation None Lake Name None Lot Size Dimensions 0 Number Of Units Total 32 Occupant Type Vacant Owner Financing No Property Attached YN No Property Condition Resale Proposed Financing CashConventional Security Features Security Gate Sewer Public Sewer Special Circumstances None Special Listing Conditions None Tax Year 2021 Taxes 22830 Type Other 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 2022-08-16T00:03:43.767. For issues regarding this website, please contact BoomTown.
 
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