Property Location

669 Dill Avenue SW, Atlanta GA 30310

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List Price $499,000
Units 1
Est. Cap Rate 1.2%
Est. Cash-on-Cash -19.1%
Price / Unit $499,000
Est. Year 1 Cash Flow $-23,893 after debt service
669 Dill Avenue SW Atlanta, GA 30310
FMLS IDX Data last updated: August 2, 2026 at 9:46 PM EST
ACTIVE
Property Description
Rare opportunity to acquire a brick church campus in Atlanta being sold as two combined parcels: the sanctuary and administration building, along with a dedicated parking lot. Rich in character and architectural presence, this property offers significant potential for restoration, redevelopment, or adaptive reuse. The Sanctuary Building (13,489 SF) accommodates approximately 400 occupants and remains an absolutely stunning brick structure with beautiful stained glass windows that still showcase its original charm and craftsmanship. A fire occurred on December 7, 2024, originating in the ceiling area near the furnace or wiring to the furnace (cause undetermined). The sanctuary is currently burned out; however, following assessment by the fire marshal and insurance adjuster, the primary structure was deemed sound, with bracing recommended. This substantial footprint presents a rare opportunity to restore or reimagine a truly striking space. The Administration Building (4,705 SF) was not affected by fire but did sustain water damage. An insurance claim was filed, and remediation has been completed, including removal of sheetrock throughout the building. A portion of the sheetrock has already been replaced, making this a straightforward project to complete with new drywall and finishes and an HVAC addition. Importantly, the electrical and plumbing systems were not impacted by the fire. Plans for renovations to the administration building are currently in process with the City of Atlanta and are nearing final approval. The parking lot parcel provides approximately 27 parking spaces, with ample additional street parking opportunities available. Insurance documentation is pending and will be provided once received. Seller spent over $150,000 on full remediation of both buildings which included Asbestos removal. Photos may include virtual staging.
Investment Notes — Atlanta
  • Located in the Atlanta, GA area
  • Value-add opportunities typically exist through management, renovations, or operational improvements
  • Rental demand and achievable rents vary significantly by submarket — local market verification is recommended
  • Actual cash flow depends on occupancy, expenses, financing, and current market conditions
Professional Investment Analysis

Modeled from FMLS data + Atlanta metro baselines where listing data is incomplete

Price per Unit $499,000 Verified
Est. Cap Rate 1.20% Modeled
Est. Cash-on-Cash -19.15% Modeled
Est. Gross Income $13,603 Modeled
Est. NOI $5,985 Modeled
Est. Year 1 Cash Flow $-23,893 after debt service (25% down / 7% / 30-yr) Modeled
Price per Sq Ft $27 Verified
Confidence scores included Latest FMLS data Transparent modeling
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Jeff’s Investment Take

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Est. Cap1.2%
Est. CoC-19.1%
Important Investment Disclaimer
Important Investment Information

Actual MLS Cap Rate is used when present. Gross Income uses rent roll or MLS Gross Income when available, otherwise modeled. Operating expenses use an all-in ratio by property size. Cash-on-cash assumes 25% down, 7% interest, 30-year amortization. All figures are for screening only — verify with current rent roll and expenses.

Some figures shown on this page are estimated because complete rent-roll or operating data was not provided in the listing. Estimated values are clearly marked.

Any estimated or modeled figures represent the independent analysis of Jeff Crowe / Century 21 The Avenues and are not supplied by FMLS or the listing broker.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.

MLS ID: 7726655 · Listing courtesy of Keller Williams Realty Intown ATL, Community and Council · 404-541-3500

IDX Information Provided by Jeff Crowe · jeffcrowe@c21theavenues.com
FMLS · Updated Daily