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$324,000

For Sale - Active
123 Luckie St NW Apt 2510, Atlanta, GA 30303
1 Bed
1 Bath
0 Square Feet
0.00 Acres Lot
Built in 2000
For Sale - Active
1 Units
Checked: 23 hours ago
Updated: Jun 24, 2025 at 03:05AM

Investment Summary


Monthly Cash Flow
-$939
Cap Rate
2.8%
Cash-on-Cash Return
-15.1%
Debt Coverage Ratio
0.45
Internal Rate of Return (5 years)
-10.6%

Property Description


0.00 Acres Lot
Built in 2000
For Sale - Active
1 Units

Amazing condo in the heart of Downtown Atlanta's Fairlie Poplar District-the ultimate fusion of cool, stylish living and vibrant city life! This spacious one-bedroom condo, boasting 1,090 square feet of living space, is the perfect blend of modern comfort and historic charm, located in the most desirable part of downtown. You'll love being in the middle of all the action, with everything Atlanta has to offer just steps away. This loft-style condo is move-in ready. The warm and welcoming color palette makes this home a relaxing retreat in the heart of the city. Beyond the spacious interior, this condo includes access to a private courtyard, perfect for quiet relaxation or entertaining friends. A community rooftop offers panoramic views of the city skyline, ideal for evening cocktails and socializing with neighbors. Additionally, the large storage unit provides ample space for bikes and other belongings. Located in a prime real estate area, 123 Luckie is positioned perfectly to enjoy Atlanta's exciting growth. South Downtown is rapidly becoming a hotspot, with new attractions like Centennial Yards and easy access to the Westside Beltline. The neighborhood is a walker's paradise, with Mercedes Benz Stadium, State Farm Arena, Americas Mart, and popular dining like Ted's Montana Grill just steps away. The secured garage includes one parking space for your convenience, and Wi-Fi is included in the HOA fee, making this home both practical and luxurious. Don't miss out on this opportunity to live in the heart of Atlanta's most vibrant district. Experience the best of intown living with neighborhood charm and the city's finest amenities at your doorstep. This is your chance to enjoy luxury living in the heart of Atlanta! Schedule your showing today.

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Location


Property Details


Parking

  • Description: Assigned
  • Details: Assigned, Attached, Garage, Garage Door Opener, Storage
  • Garage Spaces: 1
  • Spaces Total: 1

Bedroom Information

  • # of Bedrooms: 1

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 4
  • # of Stories: 1
  • Basement Description: None

Exterior Features

  • Exterior Walls Materials: Rock, Stone
  • Foundation: Brick/Mortar
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • HOA Fee: $403/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 14007800150464
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: Contemporary, Loft, Mid-Rise (up to 5 stories)
  • Year Built: 2000

Tax Information

  • Annual Tax: $5,170

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Fulton

Listing Details


Listed by:
Chris Ashkouti
First Guaranty Realty Corp.
(404) 804-0860

Source:
First Multiple Listing Service (FMLS)
MLS#: 7538006
First Multiple Listing Service (FMLS)

Investment Summary


Monthly Cash Flow
-$939
Cap Rate
2.8%
Cash-on-Cash Return
-15.1%
Debt Coverage Ratio
0.45
Internal Rate of Return (5 years)
-10.6%

Purchase Details

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Purchase price:
$324,000
Amount financed:
-$259,200
Down payment:
$64,800
Closing costs:
$9,720
Rehab costs:
$0
Initial cash invested:
$74,520
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$259,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$1,692
Property tax:
$431
Insurance:
$161
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,284

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,300 $27,600
Vacancy loss: (6%)
6% -$138 -$1,656
Operating income:
$2,162 $25,944

Operating Expenses


% Rent Monthly Yearly
Property taxes: (19%)
19%-$431-$5,170
Insurance: (7%)
7%-$161-$1,932
Property management: (8%)
8%-$184-$2,208
Repairs & maintenance: (5%)
5%-$115-$1,380
Capital expenditures: (5%)
5%-$115-$1,380
HOA fees: (18%)
18%-$403-$4,836
Total operating expenses: (61%)
61%-$1,409-$16,906

Cash Flow


Monthly Yearly
Net operating income:
$753 $9,036
Mortgage payments:
-$1,692 -$20,304
Cash flow:
$939 $11,268