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Daniel Frankson

daniel@franksonrealty.com +1(404) 808-4867

$ 1,500,000

Est. payment -/mo

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692 Kirkwood AVE SE Atlanta, GA 30316

1,481 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family,Triplex

Listing Status New

Purchase Type For Sale

Subdivision Cabbage Town

MLS Listing ID 10767436

HOA Y/N No

Year Built 2012

Annual Tax Amount $13,167

Tax Year 2025

Lot Size 1,481 Sqft

Acres 0.034

Lot Dimensions 1481.04

Property Sub-Type Multi Family,Triplex

Source Georgia MLS 2

Property Description

If you put $1.5 million into Bitcoin in 2025, you would have lost $110,000 by December 31st. But if you bought this mixed use triplex you could have made OVER $114,000. No volatility. No charts. No 3am panic. Plus it appreciates. Plus you own a brick building in Cabbagetown one block from the BeltLine. 692 Kirkwood Avenue, Building C is a 4,000-square-foot mixed-use triplex in the heart of Cabbagetown. Brick exterior. Modern bones. Built in 2012. A commercial suite on the ground floor, two residential lofts above, five private parking spots, and a front-row seat to Cabbagetown Park. One block from the BeltLine Eastside Trail. The income math is already working. The lifestyle story sells itself. The Ground Floor: C1 Floor-to-ceiling storefront windows flood the 1600 sq. Ft. commercial suite with the kind of natural light that makes creative people productive and clients feel at ease. Polished concrete floors. Soaring ceilings. A conference room, a kitchenette, two bathrooms, hardwired fiber, security cameras, and dual entrances off both Kirkwood Avenue and the rear parking lot. This space has housed a CPA firm serving the Atlanta film industry. It could house yours. Or someone else's, at $4,500+ per month while you collect the check from upstairs. Upstairs: C2 and C3 Two side-by-side lofts, each approximately 1,200 square feet across three levels. Kitchen and living on the second floor. Loft bedroom and bath at the top, tucked under skylights with cable-rail balustrades and a clean architectural aesthetic detail that attracts tenants who take care of things. Private balconies with tree canopy views. In-unit washer and dryer. Long-term tenants generating $2,550 to $2,950 per month per unit, with rents up more than 60% since 2018.The demand does not waver. The Numbers Gross annual income at current market rents: $114,000. At a conservative 6.5% cap rate, the income approach supports a value well above the $1,500,000 list price. Freshly replaced HVAC across all three units. Turnkey commercial suite. Stable residential tenants. Mixed-use zoning you will not find anywhere else in this neighborhood. Cabbagetown Park is across the street. Carroll Street restaurants are three blocks over. Krog Street Market is a 5-minute walk. And did I mention there are five private off-street parking spots that come with this building... A cash cow gives you milk. This building gives you the whole farm.

Location

State GA

County Fulton

Rooms

Bedroom Description No

Basement None

Interior

Heating Electric

Cooling Central Air

Fireplace No

Exterior

Parking Features Detached, Parking Pad

Garage Spaces 5.0

Community Features Sidewalks, Street Lights, Near Shopping

Utilities Available Other, Sewer Connected

View Y/N No

Total Parking Spaces 5

Garage Yes

Private Pool No

Building

Faces Memorial Dr SE go for 0.2 mi., turn left on Estoria ST, go for .3 mi., turn left on Kirkwood Ave SE, building C will be on the right.

Sewer Public Sewer

Water Public

Structure Type Concrete

New Construction No

Schools

Elementary Schools Parkside

Middle Schools King

High Schools Mh Jackson Jr

Others

HOA Fee Include None

Tax ID 14 002000050606

Special Listing Condition Resale

NEARBY SCHOOL & BUSINESS

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Daniel Frankson

Real Estate Advisor | License ID: 348806

+1(404) 808-4867

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