1200 Ponce in Atlanta

Name: Sales in 1200 Ponce started!
Start: 2020-06-30T11:58:37.271540+00:00
End: 2023-12-31T23:59:59+0000
Location: 1200 Ponce

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Project info

Object ID: 7879

Finished at	October 2019
Price, m²	From 367$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 150.00 m²
Floors	3
Apartments	51
Building phase	Completed
Condition	Black walls
Construction type	Monolyth
Security	CCTV Security
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 300$
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

55,050$

Net profit

9,376$

Payback period

4.7 years

Avg property value increase per year

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About the project

With an interesting heritage and incredible location amid Atlanta’s metropolitan sprawl, Druid Hills, GA, is a charming place to call home. Here you’ll find 1200 Ponce: a community of modern homes with classic appeal and plenty of historic character, where quiet, tree-lined streets give way to vibrant shopping and dining districts as well as all the employment opportunities and entertainment options of the city.

Designed by the architects of Ponce City Market, the condo flats and townhomes at 1200 Ponce are thoughtfully designed to embody and preserve the buildings’ historic background while adding modern form and function with spacious open floorplans, impressive high ceilings, expansive windows, stunning kitchens and bathrooms, and oversized outdoor living areas.

Developer

For over 30 years, Minerva has had a constant presence in the southeastern United States real estate market. Through involvement in numerous…
Details about Minerva USA