$138,500

561 Formwalt Street SW 10, Atlanta, GA 30312

2 beds |
1 bath |
620 sqft

Condominium
Built in 1961
610sqft lot
—— car garage
$223/sqft
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

Dunbar Elementary School

500 Whitehall Ter SW, Atlanta, GA, 30312

Grades PK-5

0.38 miles away

Martin Luther King Jr. Middle School

545 Hill St SE, Atlanta, GA, 30312

Grades 6-8

0.85 miles away

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.