Property Location

215 Piedmont #2108 Avenue NE, Atlanta GA 30308

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List Price $150,000
Units adj 1
Est. Cap Rate 10.3%
Est. Cash-on-Cash 17.1%
Price / Unit $150,000
Est. Year 1 Cash Flow +$6,418 after debt service
215 Piedmont #2108 Avenue NE Atlanta, GA 30308
FMLS IDX Data last updated: August 2, 2026 at 9:46 PM EST
ACTIVE
Property Description
REDUCED! MOTIVATED SELLER - Truly one of the BEST Units in the building and rare 2 bedroom! This is your chance to own one of the highest-performing short-term rental properties in Atlanta’s booming downtown market. Fully renovated and generating over $35,000 annually in verified Airbnb income, this 2-bedroom condo is a rare, cash-flowing opportunity located in one of the few buildings in the city that legally allows short-term rentals. Positioned just steps from Centennial Olympic Park, Mercedes-Benz Stadium, Georgia Aquarium, World of Coke, CNN Center, Georgia Tech, and countless dining and entertainment options, the location ensures constant demand from both tourists and business travelers. The HOA includes all utilities—boosting your bottom line—and the unit is one of the largest in the building, full of natural light and panoramic city views. It comes fully furnished and rental-ready, featuring two oversized bedrooms, a renovated tile bath, a stylish kitchen with granite counters and stainless appliances, a spacious living room with a fold-out sofa (sleeps 6), and a dedicated workspace. Building amenities include 24-hour security, concierge service, a renovated lobby, private parking, fitness center, pool, and direct access to Marta. With steady bookings and the 2026 World Cup bringing even more global attention to Atlanta, this is one of the smartest short-term rental investments on the market today. CASH ONLY
Investment Notes — Atlanta
  • Located in the Atlanta, GA area
  • Value-add opportunities typically exist through management, renovations, or operational improvements
  • Rental demand and achievable rents vary significantly by submarket — local market verification is recommended
  • Actual cash flow depends on occupancy, expenses, financing, and current market conditions
Professional Investment Analysis

Modeled from FMLS data + Atlanta metro baselines where listing data is incomplete · Units adjusted (SINGLE_UNIT_IN_MULTI_BLDG)

Price per Unit $150,000 Verified
Est. Cap Rate 10.27% Modeled
Est. Cash-on-Cash 17.12% Modeled
Gross Income $35,000 Gross
NOI $15,400 NOI
Est. Year 1 Cash Flow +$6,418 after debt service (25% down / 7% / 30-yr) Cash Flow
Confidence scores included Latest FMLS data Transparent modeling
Investment Calculator

Starts from list price and unit count. Pre-filled from MLS Gross Income. Override any value to model your own scenario. Units adjusted (SINGLE_UNIT_IN_MULTI_BLDG).

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MLS Gross Income

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51%
25%
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30 yrs
Gross Potential Income
Effective Gross Income
Operating Expenses
Net Operating Income (NOI)
Asking Cap Rate
Price Per Unit
Annual Debt Service
Year 1 Cash Flow
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Neutral

Jeff’s Investment Take

Review Further – Verify Unit Count

Est. Cap10.3%
Est. CoC17.1%

Unit Mix & Available Rent Roll

Breakdown based on data provided in the FMLS listing

UnitBedsBathsMonthly Rent
Unit 121$35,000
Total1 units $35,000

* Rent roll information is taken from the available FMLS listing data. Many multifamily listings do not include complete or verified tenant financials. Always verify actual rents, leases, and operating expenses during due diligence.

Important Investment Disclaimer
Important Investment Information

Actual MLS Cap Rate is used when present. Gross Income uses rent roll or MLS Gross Income when available, otherwise modeled. Operating expenses use an all-in ratio by property size. Cash-on-cash assumes 25% down, 7% interest, 30-year amortization. All figures are for screening only — verify with current rent roll and expenses.

Some figures shown on this page are estimated because complete rent-roll or operating data was not provided in the listing. Estimated values are clearly marked.

Any estimated or modeled figures represent the independent analysis of Jeff Crowe / Century 21 The Avenues and are not supplied by FMLS or the listing broker.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.

MLS ID: 7628913 · Listing courtesy of Real Broker, LLC., Monarch Realty Partners · 770-696-6278

IDX Information Provided by Jeff Crowe · jeffcrowe@c21theavenues.com
FMLS · Updated Daily