1181 Garibaldi ST SW Active Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30310
Key Details
Property Type Single Family Home
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Pittsburgh
MLS Listing ID 7477190
Year Built 1945
Annual Tax Amount $6,695
Tax Year 2023
Lot Size 5,000 Sqft
Property Description
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. .
Location
State GA
County Fulton
Interior
Heating Space Heater
Cooling Window Unit(s)
Exterior
Garage None
Fence None
Community Features Near Beltline,Near Public Transport,Near Schools,Near Shopping,Near Trails/Greenway
Utilities Available Cable Available,Electricity Available,Natural Gas Available,Sewer Available,Water Available
Waterfront Description None
View City
Roof Type Metal
Building
Lot Description Other
Story Two
Sewer Public Sewer
Water Public
Structure Type Concrete
New Construction No
Schools
Elementary Schools Charles L. Gideons
Middle Schools Sylvan Hills
High Schools G.W. Carver
Others
Special Listing Condition None