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Off Market
1/13

650 NE Glen Iris Dr NE
Atlanta, GA 30308


HIGHLIGHTS

  • Close proximity to Ponce City Market
  • access to the Atlanta Beltline as well as the sprawling Historic Fourth Ward Park, Freedom Park, Central Park, and Piedmont Park

OVERVIEW

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. 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).

FOR SALE DETAILS

PRICE

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# OF UNITS

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CAP RATE

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% LEASED

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BUILDING DETAILS

PROPERTY NAME

Troy-Peerless Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

54195

STORIES

3

YEAR BUILT

2007

PARKING SPACES

250

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

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