692 SW Smith St - Apartments FOR SALE


Atlanta, GA 30310- Mechanicsville
$1,100,000 USD
470-983-9993
692 SW Smith St, Atlanta, GA for Sale
$1,100,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

692 SW Smith St
Atlanta, GA 30310
Mechanicsville


HIGHLIGHTS

  • Turnkey Investment
  • Location
  • Cashflow
  • Capital Improvements

OVERVIEW

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. Renovated 2021-2025 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. We’d be happy to provide access to supporting documents. Please complete the confidentiality agreement. If you are a direct buyer, sign PENDING. If you are a representative, please sign PENDING along with your client.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$253 USD /SF

# OF UNITS

6

PRICE/UNIT

$183,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,438 SF

ZONING

R5

APN/PARCEL ID

14-0086-0003-114-4

ASK ABOUT THIS PROPERTY

Stephan DickieAtlanta Leasing & InvestmentMore Info
470-983-9993

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Stephan DickieAtlanta Leasing & InvestmentMore Info
470-983-9993

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.