561 Formwalt Street SW Unit 10

About this home

INVESTOR SPECIAL! EXCEPTIONAL INTOWN ATLANTA VALUE – CASH BUYERS, TAKE NOTICE! Opportunity knocks! Offered at a newly reduced price, this two-bedroom, one-bathroom condo presents an attractive opportunity for investors seeking an affordable addition to their rental portfolio in a highly convenient intown Atlanta location. With its desirable location, dedicated gated parking, and low-maintenance lifestyle, this property offers excellent potential as a long-term rental for students, young professionals, and anyone wanting convenient access to Atlanta's employment, education, and entertainment districts. Inside, you'll find original hardwood floors, a freshly painted interior, and thoughtful updates that make this property move-in ready. The refreshed kitchen features a brand-new range and refrigerator, ample cabinet space, and plenty of natural light. Well-maintained HVAC and appliances, along with an EV charging station and dedicated parking within the gated area, add to the property's appeal. Location is everything, and this one delivers! Just minutes from Georgia State University, Downtown Atlanta, Summerhill, Mercedes-Benz Stadium, State Farm Arena, Centennial Olympic Park, the Atlanta BeltLine, restaurants, shopping, parks, MARTA, and major interstates. Its proximity to universities, business centers, and Atlanta's entertainment destinations makes this a compelling location for attracting tenants seeking convenience and accessibility. Investors should verify leasing opportunities and restrictions directly with the homeowners association. Schedule your private showing today.

Details

Home type

Condominium

County

Fulton County

Year built

1962

Lot size (acres)

0.014

Association fee

$330

Association fee frequency

Monthly

Annual tax

$429

Tax year

2025

Elementary school

Paul L. Dunbar

Middle school

Martin L. King Jr.

High school

Maynard Jackson

Heating

Central, Electric

Cooling

Central Air, Electric, Ceiling Fan(s)

Appliances

Dishwasher, Disposal, Electric Oven, Electric Water Heater, Microwave, Refrigerator

Flooring

Hardwood

Basement

None

Parking

Electric Vehicle Charging Station(s), Parking Lot

Levels

One

Style

Mid-Rise (up to 5 stories)

Interior

Low Flow Plumbing Fixtures, Other

Exterior

Balcony

Community

None

Pool

None

Days on market

75

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