Marc Brenner
This listing was posted on Marc Brenner (via ListedBuy).
$775,000
Atlanta, Fulton County, GA Homesites for sale Property ID: 418330288
Price:
$775,000
BR/BA:
1 BR
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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 sale for a 1 bedroom unit in the area is $1491 however, if approved for Section 8 saleals, 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: 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. Copyright © 2023 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Still available at ListedBuy!
Property Type:
Open Houses
Sq feet:
400 sq. ft.
Amenities:
AC
For sale by:
Agent/Broker
Agent Name:
Marc Brenner
Posted:
December 13 2023 on ListedBuy
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More About this Listing: Atlanta, Fulton County, GA Homesites for sale Property ID: 418330288
Atlanta, Fulton County, GA Homesites for sale Property ID: 418330288 is a One Bedroom Open Houses Listing at 1181 Garibaldi Street Sw in Atlanta GA. Find other listings like Atlanta, Fulton County, GA Homesites for sale Property ID: 418330288 and listings near 1181 Garibaldi Street Sw by searching Oodle Classifieds for One Bedroom Open Houses Listings in Atlanta GA.
Atlanta, Fulton County, GA Homesites for sale Property ID: 418330288 is a One Bedroom Open Houses Listing at 1181 Garibaldi Street Sw in Atlanta GA. Find other listings like Atlanta, Fulton County, GA Homesites for sale Property ID: 418330288 and listings near 1181 Garibaldi Street Sw by searching Oodle Classifieds for One Bedroom Open Houses Listings in Atlanta GA.