198 Ponce De Leon Avenue Northeast, Unit 4C

Atlanta, GA 30308

$299,900
Price
2
Beds
1
Bath
825 Sq. Ft.
$364 / Sq. Ft.
825
Sq. Ft.
$364
per Sq. Ft.

Description

For an investor who wants a tenant in place until March 2025 paying $1950/month. This condo is a prime choice for investors, boasting uninterrupted rental income from 2007 to December 31, 2023, achieving an impressive zero days of vacancy over 14 years. Documentation is available upon request. With a high capitalization rate and the presence of quality tenants, this property stands out as a dependable and profitable investment opportunity for those looking to secure a valuable addition to their portfolio....For an investor who wants a tenant in place until March 2025 paying $1950/month. This condo is a prime choice for investors, boasting uninterrupted rental income from 2007 to December 31, 2023, achieving an impressive zero days of vacancy over 14 years. Documentation is available upon request. With a high capitalization rate and the presence of quality tenants, this property stands out as a dependable and profitable investment opportunity for those looking to secure a valuable addition to their portfolio. This condo not only offers the charm of historic architecture but also the efficiencies of modern living in the dynamic Midtown area. This 825 square foot home features two generously sized bedrooms and a full bathroom, all bathed in natural light and complemented by elegant hardwood floors. The unit's historic character is preserved in its 1924 construction, and modern amenities such as a dishwasher, range, refrigerator, and washer/dryer combo are included for your convenience. A standout feature of this property is the significant cost savings afforded by the Homeowners' Association (HOA). The HOA provides hot water to all units, eliminating the need for an individual water heater in this condo. This unique benefit not only saves valuable space within your home but also reduces your monthly utility bills by approximately $40. Furthermore, the HOA covers essential services like gas, water, sewer, trash, internet, and cable, translating into an impressive $250 monthly value. Adding to the appeal, the HVAC system in the unit is only 3 years old, ensuring efficient and reliable climate control for your comfort. The Massellton building, a historic landmark, features a gated courtyard that offers a serene escape from the city's energy. The condo also includes a covered porch with views of the courtyard, a gated parking space, and a large storage unit for added convenience. That parking space and storage unit was purchased by the owner in 2008 for over $13,000 and is included in the sale. Today that parking spot and storage unit is probably worth over $30,000. Owner has turned down offers to buy his storage unit separately which indicates there is a demand for such amenities. Located in a prime area with unbeatable walkability, the condo is just a short distance from Ponce City Market, Piedmont Park, the Fox Theater, and the Beltline. Dining options abound, including the iconic Mary Mac's, only a block away. This listing is perfect for those who appreciate the blend of historical allure and modern functionality, right in the heart of Atlanta.
  1. Listed by Tim Maitski • Atlanta Communities • 404-216-0472

Property Details for 198 Ponce De Leon Avenue Northeast, Unit 4C

Subdivision Complex
Massellton
Architectural Style
Traditional
Exterior
Courtyard
Num Of Parking Spaces
1
Parking Features
Deeded, Parking Lot
Property Attached
Yes
Waterfront Features
None

Location

Listing Courtesy of Atlanta Communities, Tim Maitski
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LISTING UPDATED: 04/17/2024 01:09 AM

Property Details for 198 Ponce De Leon Avenue Northeast, Unit 4C

StatusActive
MLS #7322159
Days on Market111
Taxes$3,235 / year
HOA Fees$515 / month
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeResidential / Condominium
Year Built1924
CountyFulton County

Location

Listing Courtesy of Atlanta Communities, Tim Maitski
Add your commute

Virtual Tour

Building Information for 198 Ponce De Leon Avenue Northeast, Unit 4C

Building/Complex198 Ponce De Leon Ave NeFloor-Stories1Residences-Pet Policy-Year Built1924

Payment Calculator

$2,421 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,637

Property Taxes

$270

HOA Dues

$515

The Payment Calculator is for illustrative purposes only.

Property Information for 198 Ponce De Leon Avenue Northeast, Unit 4C

Summary
Location and General Information
  • Community Features: Gated, Homeowners Assoc, Near Public Transport, Near Shopping, Near Trails/Greenway, Sidewalks
  • Directions: Ponce de Leon between Piedmont and Myrtle. Best to try to park in front of the building on Ponce. If nothing is available it's best to try Myrtle Street. Then walk to the courtyard gate on Ponce.
  • Lake Name: None
  • View: City
  • Coordinates: -84.381128, 33.77309
Taxes and HOA Information
  • Parcel Number: 14 004900101083
  • Tax Year: 2023
  • Master Association Fee: $.00
  • Association Fee Includes: Cable TV, Gas, Maintenance Structure, Maintenance Grounds, Pest Control, Reserve Fund, Sewer, Trash, Water
  • HOA Rent Restrictions: No
  • Association: Yes
  • Block: C
  • Tax Legal Description: 4 C MASS
  • Tax Lot: 4
School Information
  • Elementary School: Virginia-Highland
  • High School: Midtown
  • Middle School: David T Howard
Interior and Exterior Features
Interior Features
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air, Natural Gas
  • Appliances: Dishwasher, Electric Oven, Electric Range, Refrigerator, Washer
  • Basement: None
  • Fireplace Features: None
  • # of Fireplaces: 0
  • Flooring: Hardwood
  • Interior Features: Crown Molding
  • Levels/Stories: One
  • Other Equipment: None
  • Window Features: None
  • Bedroom Features: Roommate Floor Plan, Split Bedroom Plan
  • Diningroom Features: Separate Dining Room
  • Kitchen Features: Breakfast Room, Cabinets White, Stone Counters
  • Master Bathroom Features: Tub/Shower Combo
  • Foundation: Block
  • Main Bedrooms: 2
  • Total Half Baths: 0
  • Bathrooms Total Interger: 1
  • Main Full Baths: 1
  • Additional Rooms: Other
  • Bathrooms Total Decimal: 1.00
Exterior Features
  • Accessibility Features: None
  • Construction Materials: Brick 4 Sides
  • Dock: None
  • Fencing: Chain Link
  • Horse Amenities: None
  • Patio And Porch Features: Covered, Front Porch
  • Pool Features: None
  • Road Surface Type: Asphalt
  • Roof Type: Composition
  • Security Features: Secured Garage/Parking, Security Gate, Smoke Detector(s)
  • Spa Features: None
  • Laundry Features: Laundry Closet
  • Pool Private: No
  • Road Frontage Type: City Street
  • Other Structures: None
Property
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available,Electricity Available,Natural Gas Available,Sewer Available,Water Available
  • Water Source: Public
  • Electric: Other
Property and Assessments
  • Assumable: No
  • FHA Condo Approval: No
  • Home Warranty: No
  • Proposed Financing: Conventional
  • Plat Book: 0
  • Plat Page: 0
  • Property Condition: Resale
  • Representative of Property: Yes
  • Possession: Close Of Escrow
Green Features
  • Green Energy Efficient: None
  • Green Energy Generation: None
Lot Information
  • Section/GMD: 0
  • SqFt Source: Public Records
  • Square Footage: 825.0
  • Common Walls: 2+ Common Walls
  • Land lot: 0
  • Lot Features: Level
  • Acreage Source: Public Records
Multi Family
Multi-Family Information
  • # Of Units In Community: 43
Income & Expenses Information
  • Swim/Tennis Fee Due: None
Rental
Rent Information
  • Land Lease: No
  • Occupant Types: Owner

Property History for 198 Ponce De Leon Avenue Northeast, Unit 4C

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 198 Ponce De Leon Avenue Northeast, Unit 4C

Taxable ValueLand$9,960Additions$69,040Total$79,000
Tax Record2023$3,271 ($273 / month)
Home Facts
Beds2Baths1Total Finished SqFt825 SqFtAbove Grade Finished SqFt825 SqFtStories1Lot Size784 SqFtStyleCondominiumYear Built1924Year Renovated1995ZoningC2CountyFULTONAPN14 004900101083

Schools near 198 Ponce De Leon Avenue Northeast, Unit 4C

This home is within Atlanta Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Virginia-Highland Elementary school
PublicPK to 5

David T Howard Middle School
Public6 to 8

Midtown High School
Public9 to 12

Kindezi Old 4th Ward
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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198 Ponce De Leon Avenue Northeast, Unit 4C is a condo for sale in Atlanta, GA 30308. This property was listed for sale on January 9, 2024 by Atlanta Communities, it's currently listed at $299,900. It has been on the market for a total of 111 days and was last sold on April 9, 2007. This listing's school district is Atlanta Public Schools. Nearby schools include Virginia-Highland Elementary school, David T Howard Middle School and Midtown High School. 198 Ponce De Leon Avenue Northeast, Unit 4C is a 2-bed, 1-bath, 825 sqft condo built in 1924.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Atlanta Communities, Tim Maitski

Based on information from one of the following Multiple Listing Services:FMLS,FMLS_CS,GAMLS,Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS.Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by FMLS,FMLS_CS,GAMLS, Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.