FOR SALE
Local Information
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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. Another option would be to scrape the lot and build a larger apartment building. Either way, there is a huge opportunity here for the experienced investor. PLEASE READ THE FOLLOWING IN FULL BEFORE CALLING LISTING AGENT: All units currently vacant. There is only street parking currently available for this building which the city may take issue with. The adjacent lot, which would allow for parking, may be for sale at the right price, per the current owner. Contact info for negotiations will be provided upon request. Buyer must do their own due diligence with the City of Atlanta & Pittsburgh Neighborhood Association to ensure intended use of the property conforms with all local laws. 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.
Home Highlights
Parking
None
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
158 days ago
Last check for updates: about 21 hours ago
Listing Provided by: Marc Brenner
EXP Realty, LLC.
Source: FMLS GA, MLS#7305104
Also Listed on GAMLS.
Home Details for 1181 Garibaldi St SW
Active Status |
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MLS Status: Active |
Interior Features |
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Interior Details Number of Rooms: 1Types of Rooms: Basement |
Beds & Baths Number of Bedrooms: 1Number of Bathrooms: 1 |
Appliances & Utilities Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available |
Heating & Cooling Heating: Space HeaterHas CoolingAir Conditioning: Window Unit(s)Has HeatingHeating Fuel: Space Heater |
Gas & Electric Has Electric on Property |
Windows, Doors, Floors & Walls Window: None |
Levels, Entrance, & Accessibility Stories: 2Levels: TwoAccessibility: None |
View Has a ViewView: City |
Security Security: None |
Exterior Features |
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Exterior Home Features Roof: MetalFencing: Chain LinkNo Private Pool |
Parking & Garage No CarportNo GarageNo Attached GarageParking: None |
Frontage Waterfront: NoneNot on Waterfront |
Water & Sewer Sewer: Public SewerWater Body: None |
Days on Market |
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Days on Market: 158 |
Property Information |
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Year Built Year Built: 1945 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Other, Residential Income |
Building Construction Materials: Brick 4 SidesNot a New ConstructionNot Attached PropertyDoes Not Include Home Warranty |
Property Information Condition: ResaleParcel Number: 14 008700092152 |
Price & Status |
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Price List Price: $725,000 |
Media |
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Location |
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Direction & Address City: AtlantaCommunity: Pittsburgh |
School Information Elementary School: Charles L. GideonsJr High / Middle School: Sylvan HillsHigh School: G.W. Carver |
Agent Information |
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Listing Agent Listing ID: 7305104 |
Community |
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Community Features: Near Beltline, Near Schools, Near Shopping, Near Trails/Greenway |
HOA |
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No HOA |
Lot Information |
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Lot Area: 5000.688 sqft |
Listing Info |
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Special Conditions: Standard |
Energy |
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Energy Efficiency Features: None |
Compensation |
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Buyer Agency Commission: 3Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Miscellaneous |
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Mls Number: 7305104 |
Additional Information |
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Near BeltlineNear SchoolsNear ShoppingNear Trails/Greenway |
Price History for 1181 Garibaldi St SW
| Date | Price | Event | Source |
|---|---|---|---|
| 04/23/2024 | $725,000 | PriceChange | GAMLS #10227562  |
| 04/18/2024 | $720,000 | PendingToActive | GAMLS #10227562 |
| 03/21/2024 | $720,000 | Contingent | GAMLS #10227562 |
| 02/23/2024 | $720,000 | PriceChange | GAMLS #10227562 |
| 08/31/2023 | $775,000 | PriceChange | FMLS GA #7140398 |
| 07/21/2023 | $799,000 | PriceChange | GAMLS #10148380 |
| 07/21/2023 | $799,900 | PendingToActive | GAMLS #10145624 |
| 05/08/2023 | $799,900 | Pending | GAMLS #10145624 |
| 04/12/2023 | $799,000 | PriceChange | GAMLS #10148380 |
| 01/04/2023 | $799,900 | PriceChange | GAMLS #20062297 |
| 12/23/2022 | $879,000 | PriceChange | FMLS GA #7140398 |
| 07/30/2022 | $899,900 | Listed For Sale | GAMLS #20062297 |
| 06/02/2022 | $1,200,000 | ListingRemoved | FMLS GA #7015509 |
| 05/30/2022 | $1,200,000 | PriceChange | FMLS GA #7015509 |
| 03/12/2022 | $1,300,000 | Listed For Sale | FMLS GA #7015509 |
| 06/18/2015 | $80,000 | Sold | FMLS GA #5538825 |
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Comparable Sales for 1181 Garibaldi St SW
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.15 | Multi-Family Home | $247,500 | 05/01/23 | 2 | 2 | - | |
0.09 | Multi-Family Home | $205,000 | 10/13/23 | 4 | 2 | - | |
0.17 | Multi-Family Home | $520,000 | 04/12/24 | 6 | 4 | - | |
0.55 | Multi-Family Home | $749,000 | 11/06/23 | 4 | 1 | - | |
0.89 | Multi-Family Home | $210,000 | 04/19/24 | 5 | 3 | - | |
0.83 | Multi-Family Home | $455,000 | 08/29/23 | 4 | 2 | - |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Pittsburgh
- Trulia User
- Prev. Resident
- 5mo ago
"the outreach truck that comes to the neighborhood to speak with and do activities with the kids in the community "
- Trulia User
- Visitor
- 2y ago
"Nice neighborhood on the rise.. there are good people here as well. Quiet and friendly as a visitor I am."
- Kristy S. L.
- Resident
- 4y ago
"I’ve lived here just over a year and I really enjoy it. My neighbors are nice wits exciting to see all the different ways that Hines are being brought back to life."
- Kristy S. L.
- Resident
- 4y ago
"It’s a great location for easy access to everything in the city and it has great proximity to the Beltline."
- BW
- Resident
- 4y ago
"I see people walking dogs. Not sure how friendly the dogs are. I don’t own a dog yet so I haven’t interacted with those who do have dogs. "
- Steve P.
- Resident
- 4y ago
"Pittsburgh Yards is an upcoming neighborhood. The transformation of homes are coming along nicely. I would like to see more parks, maybe one for dogs. More apartments/condominiums and of course big box businesses. My neighbors are very nice. It’s also pedestrian friendly. "
- Raymondsmith14
- Resident
- 5y ago
"I’ve lived in this neighborhood for a few years and I love it! I also have investment property and thanks to the Atlanta Beltline and Pittsburgh Yards home prices are skyrotting! IGet in now before you are priced out!"
- Lastar27chatman
- Resident
- 5y ago
"we have nice events at Pittman park for the kids, the area is full of children that comes on your property and steal you're kids bikes especially"
- Olivesjuix
- Resident
- 5y ago
"Closer to downtown community, laid back, quiet and clean neighborhood. Close to gas stations, public transportation, and highways."
- Martinez C.
- Resident
- 5y ago
"There are a lot of stray dogs running around, but we've got good parks."
- Nyraya L.
- Resident
- 5y ago
"We have caring neighbors, and a lot of kids around."
- Nyraya L.
- Resident
- 5y ago
"Dog owners love the nice parks for their pets."
- Nyraya L.
- Resident
- 5y ago
"Because we are located in the downtown area, it's busy here with lots of traffic."
- Louis L.
- Resident
- 5y ago
"It's a great area to grow up. There are plenty of places to eat and have a good time out on the town. I would not want to live anyplace else in metro Atlanta."
- Louis L.
- Resident
- 5y ago
"Dog owners enjoy the pet-friendly parks in Pittsburgh. There are plenty of nearby grooming facilities, too."
- Louis L.
- Resident
- 5y ago
"Commuting is relatively easy from Pittsburgh. MARTA and other forms of transportation are readily available, so it's easy to get from point A to point B."
- Louis L.
- Resident
- 5y ago
"This is a quiet and safe community to raise your kids. I've always felt comfortable going out at night and never have had to worry about my well-being."
- Steve P.
- Resident
- 5y ago
"I’ve been in Pittsburgh since July 2016. It’s transforming nicely. Before moving here, I lived up the street in Mechanicsville for 4 years. "
- Tiffany B.
- Resident
- 5y ago
"I live near Pittsburgh and I like how it’s in the heart of the city . It has a lot of history and I am looking forward to what is going on in the neighborhood . "
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Marc Brenner, EXP Realty, LLC.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request. © 2024 First Multiple Listing Service, Inc. Click here for more information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
1181 Garibaldi St SW, Atlanta, GA 30310 is a 1 bedroom, 1 bathroom multi-family built in 1945. 1181 Garibaldi St SW is located in Pittsburgh, Atlanta. This property is currently available for sale and was listed by FMLS GA on Nov 19, 2023. The MLS # for this home is MLS# 7305104.