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$5,900,000

For Sale - Active
2288 Peachtree Rd NW Unit 6, Atlanta, GA 30309
4 Beds
8 Baths
8,803 Square Feet
0.00 Acres Lot
Built in 2009
For Sale - Active
1 Units
Checked: 12 hours ago
Updated: May 26, 2025 at 10:41AM

Investment Summary


Monthly Cash Flow
-$28,495
Cap Rate
0.4%
Cash-on-Cash Return
-25.2%
Debt Coverage Ratio
0.06
Internal Rate of Return (5 years)
-20.3%

Property Description


0.00 Acres Lot
Built in 2009
For Sale - Active
1 Units

This stunning development was modeled after "Place des Vosges" in Paris. Each home is custom designed for the satisfaction of the discreet owners. This home will rival any chateau in France, as the owners made approximately forty trips to France to pick out everything for the home and make sure it was built in complete details of perfection: With a team of Peter Block as Architect, Brian McCarthy of New York as Designer and Bonner Construction as Builder, this masterpiece was created over a five-year building process. Enter through custom designed iron and glass doors into grand front to back hallway of limestone walls and marble floors to overlook large wrapping terrace of limestone with private lap pool, elegant French gardens, and Pavilion for entertaining. The floors and beams through the home came from an old factory that was torn down on the Erie Canal to customize the finish throughout the home. The lower level "bath house" room has limestone floors, Portuguese tile wall, and bronze accordion doors opening beautifully to the pool. The home comes equipped with a commercial sized elevator to all floors along with electronic blinds and shades for the windows, walls are made of Venetian plaster, inlayed oak floors, zinc gutters, slate roof, and real stucco. The mantel and paneling throughout the home was brought in from France and custom designed to the owner's personal discretion. The Grand Salon has antique mirrors to accentuate the detail paneling and the gold leaf finish. The formal dining room was modeled after the American Embassy dining room in Paris to total perfection. Enjoy cooking in a kitchen the has every finish and appliance that a professional cook could only dream of including a "La Cornue Range". The third floor is totally taken for the master suite with his and her baths, dressing room, and sitting room. Live here in this beautiful home with a rooftop terrace where every room has a view of either the central courtyard or the four-acre Private Park only enjoyed by the 17 homes in The Enclave.

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Location


Property Details


Parking

  • Description: Attached, Covered, Garage, Garage Faces Front, Level Driveway
  • Details: Attached, Covered, Garage, Garage Faces Front, Driveway
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 5
  • # of Baths (Partial): 3
  • # of Baths (Total): 8.0

Interior Features

  • # of Rooms: 10
  • # of Stories: 3
  • Basement Description: None
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Masonry
  • Foundation: Combination, Pillar/Post/Pier, Slab
  • Roof Material: Slate
  • Pool: Yes

HOA

  • Has HOA: Yes
  • Association: CMA
  • HOA Fee: $950/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Townhouse

Lot Information

  • Parcel ID: 17011100020917
  • Lot Size: 0 sqft

Property Information

  • Property Type: Townhouse
  • Style: French Provincial, Traditional
  • Year Built: 2009

Tax Information

  • Annual Tax: $25,000

Utilities

  • Water & Sewer: Public, Shared Well
  • Heating: Central, Forced Air, Natural Gas, Zoned
  • Cooling: Central Air, Electric, Zoned

Location

  • County: Fulton

Listing Details


Listed by:
Ross Harrell
Dorsey Alston Realtors
(404) 769-1444

Source:
First Multiple Listing Service (FMLS)
MLS#: 7475693
First Multiple Listing Service (FMLS)

Investment Summary


Monthly Cash Flow
-$28,495
Cap Rate
0.4%
Cash-on-Cash Return
-25.2%
Debt Coverage Ratio
0.06
Internal Rate of Return (5 years)
-20.3%

Purchase Details

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Purchase price:
$5,900,000
Amount financed:
-$4,720,000
Down payment:
$1,180,000
Closing costs:
$177,000
Rehab costs:
$0
Initial cash invested:
$1,357,000
Square feet:
8,803
Cost per square foot:
$670
Monthly rent per square foot:
$0.78

Financing Details

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Loan amount:
$4,720,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$30,223
Property tax:
$2,083
Insurance:
$483
Private mortgage insurance (PMI):
$0
Monthly payment:
$32,789

Operating Income

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% Rent Monthly Yearly
Gross rent:
$6,900 $82,800
Vacancy loss: (6%)
6% -$414 -$4,968
Operating income:
$6,486 $77,832

Operating Expenses


% Rent Monthly Yearly
Property taxes: (30%)
30%-$2,083-$25,000
Insurance: (7%)
7%-$483-$5,796
Property management: (8%)
8%-$552-$6,624
Repairs & maintenance: (5%)
5%-$345-$4,140
Capital expenditures: (5%)
5%-$345-$4,140
HOA fees: (14%)
14%-$950-$11,400
Total operating expenses: (69%)
69%-$4,758-$57,100

Cash Flow


Monthly Yearly
Net operating income:
$1,728 $20,736
Mortgage payments:
-$30,223 -$362,676
Cash flow:
$28,495 $341,940