Engel & Völkers Atlanta

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$ 1,025,000

$ 1,100,000 6.8%

Est. payment -/mo

Sold on 10/03/2025

692 Smith ST SW #6 Atlanta, GA 30310

Name: Open House - 12PM-2PM
Start: 2026-01-11T12:00:00.000Z
End: 2026-01-11T14:00:00.000Z
Location: 881 Oakhill AVE SW, Atlanta, GA 30310

6,446 Sqft Lot

UPDATED:

Key Details

Sold Price $1,025,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Subdivision Crown Park

MLS Listing ID 10546615

Year Built 1960

Annual Tax Amount $8,727

Tax Year 2024

Lot Size 6,446 Sqft

Property Sub-Type Multi Family

Property Description

This renovated 6-unit multifamily property is located near Summerhill and Georgia State University, one of Atlanta's fastest-growing neighborhoods. The property is just steps from GSU, the BeltLine, and the 2026 FIFA World Cup activity zone, and it's surrounded by major projects such as Underground Atlanta, Centennial Yards, and the South Downtown Revitalization. Property Highlights Turnkey Investment: This property has been recently renovated inside and out, offering a truly turnkey opportunity. Investors can begin generating income immediately with minimal upfront effort. Location: Ideally situated in a sought-after area of Atlanta, just steps from Summerhill and Georgia State University. With the 2026 World Cup expected to bring increased attention and tourism to the region, the property is well-positioned for both appreciation and rental growth. Cashflow: The property has produced consistent cash flow for over three years through short-term rental operations. Historical financials are available upon request to confirm performance. Capital Improvements: Extensive capital improvements have been completed across all units since 2021, including both interior and exterior upgrades. All mechanical systems and appliances are in working condition, reducing the need for deferred maintenance.