House Swapping Version 2.0

Modern new construction loft in Virginia Highlands (intown) Atlanta. Looking to swap for rental properties, etc.

This is a new construction, never lived in, modern loft style townhome. Located in Virginia Highlands area of midtown Atlanta. It is within walking distance to TONS of restaurants, bars, boutiques, movie theatre, art galleries, coffee shops, grocery store and more.
This is a fee simple property consisting of two bedrooms plus two bonus rooms. Seperate dining and living room areas. Open floor plan with soaring ceiling heights up to 30+ feet! 3" maple flooring throughout with floating stairs. Large commercial style windows, two car garage, private patio, deck and rooftop deck. Too many features to list! For more information and photos, visit www.PlexusOnPonce.com

Looking to swap property for income producing rental properties. However, willing to consider all types. Property value is high 500s. Would trade up for the right situation. Primarily interested in Georgia properties or beach/mountain/ski rentals.

Tags: atlanta, contemporary, loft, midtown, modern, rooftop deck, virginia highlands

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Permalink Reply by Tasha on November 14, 2008 at 11:52pm: There is both an interior unit and exterior unit available. This is a fee simple townhome so there is no typical HOA. However, we do ask for a contribution of $100 per month to help with the upkeep of the front grass pavers and pressure washing, etc. of the building. There are also guidelines in place to help maintain the architectural integrity of the building. The two other units are both owner occupied. Taxes are still being determined since it is a new construction building and prior it was a lot. Will have to get back with specific numbers. We would consider a trade up depending on the property.; ▶ Reply to This

Permalink Reply by Chuck Mangum on November 23, 2008 at 12:51pm

i have beach property at Topsail Island, NC that i would be interested in buy/buy scenario. Property is duplex with each unit deeded separately. Excellent views of ocean and ICCW. Each unit is 2100 sqft with two masters and two other bedrooms. Hardwoods, stainless appl, surround sound, private elevator. Last year was first year on rental program, excellent projections for 2009. Total for both units is $1.25M. Very nice property. Let me know.

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Permalink Reply by Tasha on November 25, 2008 at 12:23pm: Chuck,
Do you have exterior photos of the property? An address? Also, we would be curious to obtain more information on the 2008 rental figures as well as your 2009 projections. If you would like, you may email me directly at PlexusLofts@aol.com; ▶ Reply to This

Permalink Reply by Chuck Mangum on November 26, 2008 at 9:02am

Tasha - We did $14k per unit last year, and rental company projects $25k per unit next year. Units originally appraised for $829k each, but market conditions have obviously lowered the value. We also own adjacent vacant lot that is approved for duplex or single family.

My direct email is cgmangum@comcast.net. Exterior photos attached.

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Exterior View.jpg, 38 KB

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Permalink Reply by Tom Stacy on November 25, 2008 at 6:25pm: Units in Ponte Vedra, Fla. Rented with income. Have 46 of them on Sawgrass and beach. Would sell some of all.; ▶ Reply to This

Permalink Reply by Chuck Mangum on November 26, 2008 at 9:04am: are you interested in NC beach property for some of these units? If so, send me some information on units and pricing.; ▶ Reply to This

Permalink Reply by Tom Stacy on November 28, 2008 at 11:37am: http://www.summerhousepv.com/ Chuck I am just learning how to use this new setup. Sorry I email you directly with the same idea. Tom tom_stacy@srinvesco.com; ▶ Reply to This

Permalink Reply by Chuck Mangum on November 29, 2008 at 10:47am: i am having trouble with this new setup also. sent you direct email; ▶ Reply to This

Permalink Reply by troy on December 19, 2008 at 10:25pm: I am looking to move the equity to Atlanta, Georgia Alabama or other and would consider other areas in those states/areas.
MLS ID #F942279

$185,000

1,098 Sq Ft on 0.03 Acres (1,098 Sq Ft Lot ) |

SPANISH STYLE DUPLEX ON A CHARMING QUIET STREET ON THE EDGE OF WILTON MANORS. JUST MINUTES FROM DOWNTOWN FT. LAUDERDALE & THE BEACHES. LOTS OF OLD FLORIDA CHARM. REMODELED WITH NEW KITCHEN, GRANITE & NEW CABINETS. LAUNDRY ROOM WITH NEW WASHER & DRYER. PROPERTY IS SITUATED ON AN OVER-SIZED DEEP LOT WITH ROOM FOR EXPANSION OR POOL. BOTH SIDES LEASED. GREAT INVESTOR OPPORTUNITY !

Property Features
· Multi-family Property

* Status: Active
* Area: 3390
* County: Broward
* Subdivision: Progresso 2-18 D
* Year Built: 1952
* Approximately 1098 sq. ft.
* Single story
* Parking space(s): 2
* Heating features: Window/Wall

* Cooling features: Wall/Window Unit Cooling
* Interior features may include: Carpet Floors, Ceramic Floor,Casement Windows,Sq. Ft. is 1098
* Unit 1 has 1 bedroom(s)
* Unit 1 has 1 bath(s)
* Unit 1 has 1 full bath(s)
* Unit 1 is 600 sq. ft.
* Unit 1 is renting for $ 990
* Unit 1 features: Family Room, Kitchen, Laundry Room,Air Conditioning Unit, Dishwasher, Electric Meter, Microwave, Refrigerator, Washer, Water Softener/Filter Rented,Parking Space
* Unit 2 has 1 bedroom(s)

* Unit 2 has 1 bath(s)
* Unit 2 has 1 full bath(s)
* Unit 2 is 500 sq. ft.
* Unit 2 is renting for $ 950
* Unit 2 features: Family Room, Kitchen, Laundry Room,Air Conditioning Unit, Dishwasher, Electric Meter, Microwave, Refrigerator, Smoke Detector,Parking Space
* Owner pays: Sewer, Trash Removal, Water
* Lot is 1098 sq. ft.
* Building type: Duplex
* Utilities present: Municipal Sewer,Municipal Water

Exterior Features

Exterior Lights, Fruit Trees, Laundry Facility, Room For Pool

This listing is brokered by

Condos & Castles Real Estate

Office: (954)763-2882

Fully-rented Duplex, 1/1 & 1/1, 590 and 508 sq ft, no garage or carport, two shell-rock drive/parking areas. Fenced rear yard.

Concrete Block (CBS) Construction

City water and Sewer $75.00 a month

Window AC each unit.

New roof 2006

New interior paint 2005 & 2007

Exterior painted 2006

Lot is 6750 sq ft

Owner Value $210,000

PITI $1,516.74

TAX ID# 9234-07-9470

Broward County Tax Assessor web site:

Rent:

Side A $770/month

since 12/2008-04/09 Utilities Water Sewer and Trash

Side B $950/month Section 8 pays $672 a month Tenant pays rest $278

since 04/08 thru 04/09 Water Sewer and Trash

Gross income $1,720.00 (2007)

Taxes $ 2,400 (2007)

Insurance $1,600 (OL&T thru 04/2009)

Thank you

Troy D. Kleinhenz; ▶ Reply to This

Permalink Reply by Pamela Farley on March 7, 2009 at 6:07pm

Great loft.
We have an architect renovated Hawaiian style house across the street form Sarasota bay and small community boat docks.
Non-deed restricted so can be a rental if desired.
Reduced to $499,000, could possible offer additional cash in a trade.

http://413bayshore.com

Pam Farley
941 966 5901

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kit pan best.jpg, 120 KB
full pool.jpg, 230 KB
HOUSE.jpg, 72 KB

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Permalink Reply by Jana on June 28, 2009 at 8:57am: Hi ... We have a SFH in Sarasota County (Venice), about one mile to the beach (as the crow flies). Mostly owner occupied, but some yearly rentals throughout the gated community. You can see more information/pics at www.goswap.org, search #2095. Do you have any interest? Jana; ▶ Reply to This

Permalink Reply by Zeljko Petrovic on November 22, 2009 at 11:48am

I have 15 unit apartment building fully rented in Windsor,Ontario 5 minutes from Michigan border. Value $800,000 total loan 525,000,-$275,000 in equity, if you interested in swapping please e mail me. Description The Perfect Property For A Smart Investor! 15 Unit Fully Rented Apartment Building In Busy Windsor With Screened And Triple A Tenants. $100,000+ In Renovations! Well Maintained And Very Clean Building! Gross Income $122,580. Expenses $51,204. Net Income $71,376. Active Surveillance Cameras Can Be Viewed From Anywh ere. New Hardwood And Ceramic Flooring Throughout! Features Property Includes 1 Bachelor Unit, 2 One Bedroom Units, 10 Two Bedroom Units, A 1400Sqft 3 Bedroom Unit And A Spectacular 2400Sqft 3 Bedroom Unit. All Units Are Equipped W/3 Pce Washrooms.
email: zpetrovic68@gmail.com