Corner Unit Condo in
4810 Ivy Ridge Drive SE #204 Smyrna, GA 30339
4810 Ivy Ridge Drive SE #204, Smyrna, GA, 30339
$335,000
For Sale
$335,000
Well-maintained 2-bedroom condo with resort-style amenities and convenient location.
Property Size1,630 SF
Price / SF$205.52
Days on Market372
Property Features for 4810 Ivy Ridge Drive SE #204
General Information
- Standard status
- Active
- Size
- 1,630 SF
- Property subtype
- Condominium
Building Details
- Year Built
- 2003
Listing Agency
Atlanta Communities
(404) 918-8752
Listed by
First MLS
(404) 918-8752
Source
Kw
Added: Jul 12, 2025 Checked: Jul 17 at 5:00 am
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Investment Insights
Based on property information with market context.
This beautifully maintained corner unit is located on the first floor of Olde Ivy. The light-filled condo features an open-concept layout with granite countertops, built-in bookshelves, and a fireplace. The oversized primary suite includes a double vanity, a soaking tub with shower, and a walk-in closet. A large private deck is also included. The unit also features an in-unit washer and dryer, a reserved parking spot in the deck, and a private storage unit. Please note that there is no refrigerator. Olde Ivy is a gated community with amenities including a pool, clubhouse, fitness center, and landscaped walking trails. The HOA hosts monthly social events. The property is located minutes from Truist Park and the heart of Vinings, with access to I-285.
Key Highlights
- Gated community with resort‑style amenities: pool, clubhouse, fitness center, walking trails.
- Prime location: minutes from Truist Park, Vinings, and I‑285 access.
- Oversized primary suite: double vanity, soaking tub with shower, walk‑in closet.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.4k | $26.04 |
| − Vacancy | −$2.6k | −$1.61 |
| EGI | $39.8k | $24.43 |
| − OpEx | −$17.9k | −$10.99 |
| NOI | $21.9k | $13.43 |
1,630 SF · lease $26.04/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$312.8K
$273.7K – $365.0K
NOI $21,897 @ 7.0% cap · market cap 6.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$457.7K
$400.5K – $534.0K
NOI $32,039 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-maintained 2-bedroom condo with resort-style amenities and convenient location.
Where is this apartment building located?
The property is located at 4810 Ivy Ridge Drive SE #204 Smyrna, GA.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Gated community with resort‑style amenities: pool, clubhouse, fitness center, walking trails.; Prime location: minutes from Truist Park, Vinings, and I‑285 access.; **Oversized primary suite**: double vanity, soaking tub with shower, walk‑in closet.
