$138,500

561 Formwalt Street SW 10, Atlanta, GA 30312

  • 2 beds |
  • 1 bath |
  • 620 sqft
  • Property Icon Condominium
  • Property Year Built Icon Built in 1961
  • Property Lot Size Icon610sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $223/sqft
  • Property List Date Icon Listed 2 days ago

Property Description

Prime investment opportunity or perfect for first time buyer in the heart of Atlanta! This unit is one of the larger floor plans, a corner unit, and on the second floor. 2-bedroom, 1-bathroom condo has been updated and is ready to generate immediate rental income or move in ready for first time buyer! Key upgrades include EV charger, a new conduction stove, new refrigerator, newer water heater, fresh paint throughout, and an updated kitchen. The bathroom has been modernized with a new vanity and toilet, and the shower was resurfaced in 2024. The HVAC system has been regularly maintained, ensuring lower maintenance costs for the new owner. This condo qualifies for Invest Atlanta Down Payment grants, up to $20,000! Just two miles from major attractions like State Farm Arena, Mercedes-Benz Stadium, Summerhill, and GSU Arena, this unit offers excellent appeal for buyers looking for proximity to downtown entertainment, dining, and transportation hubs. VA, Cash, Conventional accepted.

Listing Status:
Active
Date Added:
October 31, 2025 at 05:00AM
Listing Office:
HomeSmart : 404-876-4901
Listing Agent:
Madeline Coffin : 678-770-3906
MLS ID:
10635310
  • General: Master On Main LevelOther
  • Appliances: DishwasherDisposalDryerElectric Water HeaterRefrigeratorWasher
  • Laundry: Laundry Closet
  • Basement: None
  • Flooring: Hardwood
  • A/C: Central Air
  • Heating: Central
  • Fireplace: Fireplaces: 0
  • Eco/Green Feature: AppliancesThermostatLow-Flow Fixtures
  • General: Balcony
  • Style: Brick 4 SideContemporary
  • Parking: Off StreetParking PadParking spaces: 1
  • Roofing: Composition
  • Windows: Double Pane Windows
  • General: BrickOnePillar/Post/Pier
  • HOA Amenities: InsuranceMaintenance StructureMaintenance GroundsPest ControlReserve FundSewerTrashWater3960.0
  • Originating MLS: Georgia MLS 2
  • County: Fulton
  • Zoning: 14007600101295
  • Fencing: FencedFront YardPrivacy
  • Utilities: Cable AvailableElectricity AvailablePhone AvailableSewer AvailableWater Available220 VoltsElectricity on Property
  • Water: Public
  • Sewer: Public Sewer
  • Source: Georgia MLS 2

This listing courtesy of Madeline Coffin, HomeSmart

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

D

Dunbar Elementary School

500 Whitehall Ter SW, Atlanta, GA, 30312

Grades PK-5

0.38 miles away

M

Martin Luther King Jr. Middle School

545 Hill St SE, Atlanta, GA, 30312

Grades 6-8

0.85 miles away

G

G. W. Carver High School

55 McDonough Blvd SE, Atlanta, GA, 30315

Grades 9-12

1.45 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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