1181 Garibaldi ST SW new Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30310
Key Details
Property Type Multi-Family
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
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. . PLEASE READ THE FOLLOWING IN FULL BEFORE CALLING LISTING AGENT: All units currently vacant. All units are separately metered for electricity. Each unit has a window AC unit and gas space heater. Units are roughly 400 sq ft each and estimated rehab costs would be 10k-20k per 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