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