Active

1181 Garibaldi Street SW

Atlanta GA, 30310

$699,000


Active

Other

Built in 1945

PLEASE READ THE FOLLOWING IN FULL BEFORE CALLING LISTING AGENT. WE RECEIVE MULTIPLE CALLS WITH THE SAME QUESTIONS EVERYDAY. PLEASE DO NOT CALL TO ASK QUESTIONS ANSWERED IN THE LISTING: Active = available. All units currently vacant. Every unit will need to be renovated. Reason for selling: seller is liquidating portfolio. All units are separately metered for electricity. Each unit has a window AC unit and gas space heater, no central air. Units are roughly 400 sq ft each. No onsite parking is included in this parcel. There is plenty of street parking. Adjacent lot is available for purchase from a different owner. Plumbing / electrical would likely need to be brought up to code. Building has a special use exemption for commercial apartment building zoning & therefore the structure cannot be modified in any way (can't build vertical).
Don't miss this rare opportunity to own a 10 unit apartment building right in the heart of Atlanta. Located just a few miles south of downtown Atlanta, in the rapidly growing neighborhood of Pittsburgh, this property has the potential for huge financial returns. Not only is it situated directly across from a massive new mixed use development (Pittsburgh Yards), it is also located in a government designated "Opportunity Zone", which would allow an investor to defer and even reduce a large portion of any capital gains taxes. This is also a Beltline neighborhood with multiple large developments currently underway in the immediate area including the new food hall, Switchman Hall. Current average rent for a 1 bedroom unit in the area is $1491 however, if approved for Section 8 rentals, the maximum payment standard is $1850 for a 1/1 unit. .

7477190

MLS ID

October 25, 2024

Listed

November 21, 2024

Updated

Map

1181 Garibaldi Street SW
Atlanta GA, 30310

Interior Features

Total Stories

2


Fireplace

No


Cooling

Yes


Cooling Description

Window Unit(s)


Heating

Yes


Heating Description

Space Heater

Exterior/Building Features

Lot Size

0.11 Acres


Lot Features

Other


Roof

Metal


Sewer

Public Sewer

School Information

High School

G.W. Carver


Elementary School

Charles L. Gideons

Other Property Details

Taxes

$6,695


Tax Frequency

Annually


Days on Market

6


Garage

No


Parking

None


View

Yes


View Description

City


County

Fulton - GA


Water Source

Public


Pool

No

Green Building Features

Green Features

None

Listed by Marc Brenner with EXP Realty, LLC. 888-959-9461

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Data last updated 10:22 PM UTC, 11/21/2024

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