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Engel & Völkers Atlanta

atlanta@evatlanta.com +1(404) 845-7724

$ 699,000

Est. payment -/mo

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Active

1181 Garibaldi ST SW Atlanta, GA 30310

5,000 Sqft Lot

UPDATED:

10/31/2024 04:59 PM

Key Details

Property Type Single Family Home

Sub Type Other

Listing Status Active

Purchase Type For Sale

Subdivision Pittsburgh

MLS Listing ID 7477190

Construction Status Resale

HOA Y/N No

Originating Board First Multiple Listing Service

Year Built 1945

Annual Tax Amount $6,695

Tax Year 2023

Lot Size 5,000 Sqft

Acres 0.1148

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

Lake Name None

Interior

Heating Space Heater

Cooling Window Unit(s)

Window Features None

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

Accessibility None

Handicap Access None

Parking Type None

Private Pool false

Building

Lot Description Other

Story Two

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Concrete

New Construction No

Construction Status Resale

Schools

Elementary Schools Charles L. Gideons

Middle Schools Sylvan Hills

High Schools G.W. Carver

Others

Senior Community no

Tax ID 14 008700092152

Special Listing Condition None

Listed by EXP Realty, LLC.

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Engel & Völkers Atlanta

+1(404) 845-7724

Engel & Völkers Atlanta

Engel & Völkers Atlanta

1181 Garibaldi ST SW Atlanta, GA 30310

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1181 Garibaldi ST SW