1181 Garibaldi Street SW

Description

Savvy, smart investors a major price reduction of $80k. Back on the market! Just re-listed for 2026! Sellers took property off the market for nearly 1.5 years.The sellers are motivated reducing the 2024 price tag from $700k to a 2026 new listing price of $599,899k Please note at this discounted listing price , that this solid, structurally sound 1945 block constructed building needs some TLC rehab. *THE BUILDING IS NOT TURNKEY! Primarily the upgrades are aestheics & cosmetics with the kitchen,bathroom areas. Units will need floor coverings, acoustic,drywall ceiling repair. The HVAC system will need replacing and upgrading. New kitchen & bathroom cabinetry will be necessary. Plumbing & Electric are intact. Estimates of a nominal $8.5K to a extensive $15k for remodeling. A new metal roof was put on late September 2021. This diamond in the rough 10-1bd/ba unit apartment building is located in the up and coming Pittsburg southwest portion of the exterior of downtown ATL. This property is strategically located less then 250 yards from the Pittsburg Yards & the Beltline. There is a 3.5 mile commute to Mercedes Benz Stadium/Arena. Hartsfield /Jackson International Airport is a 10-minute commute of I-85 south . Georgia Tech is a 8 min commute. Georgia State is a 7 min and the Georgia State Capitol is a 5-min trek from this centrally located building. A new Atlanta Police Precinct Zone 3 is less then 3 miles from the apartment complex. The Pittsburg area is one of the up and coming and best kept secrets in a ever growing Atlanta. A new influx of new building projects, the Beltline and increasing gentrification are giving the Pittsburg promise and a bright future. FACTS: 10 -1bd/1ba unfurnished units. Approximately 400-/+sq.ft. I bedroom,1bath,1closet, 1kitchen,1kitchenette. Zoning: R-1(Possibly of beltline overlay criteria) Property has in place(Non-Conforming Zoning Status Certificate) Built: 1945 Lot Size-.011 Occupancy -Vacant On premise parking/street parking Each unit is seperately metered for electric & gas. Don't miss out! Don't even worry about catching up, catch on! Come invest and profit with this diamond in the rough money maker!