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561 Formwalt Street SW , #5

Atlanta, GA 30312
  • $140,000
  • STATUS: Active
  • ON SITE: 39 Days
  • MLS #: 7524995
UPDATED: 36 min ago
$140,000
  • 2
    BEDS
  • 0.01
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 583
    SQFT
  • $240
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1961
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Location! REDUCED MOTIVATED SELLER AND $10,000 towards downpayment with the help of the $10,000 Homebuyer Access grant as a primary residence purchase...Perfect first-time home buyer or Investor, no Rental Restrictions. The unit is currently rented for 1250 to a long-term tenant. It is very easy to find new tenants or increase rent. Also, it can be bought as a package with two other units in the same complex. Additional Unit 8 is rented for 1200 to a long term tenant. And 571 Formwalt unit 7 is rented for 1200. There are no Seller Disclosure as the seller has not lived there.

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First MLS logo Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2025 First Multiple Listing Service, Inc. Data last updated 2025-03-26T07:06:09.1. For issues regarding this website, please contact BoomTown.
www.bestmetroatlantahomesearch.com/homes/160544647
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561 Formwalt Street SW , #5 Atlanta, GA 30312

  • Price: $140,000
  • Status: Active
  • On Site: 39 Days
  • Updated: 36 min ago
  • MLS #: 7524995
2
Beds
2
Baths
0
½ Baths
0.01
Acres
583
SQFT
$240
$/SQFT
1961
Built
Neighborhood:
Capitol City Square
County:
Fulton - Ga
Area:
Fulton - Ga
Elementary School:
Paul L. Dunbar
Middle School:
Martin L. King Jr.
High School:
Maynard Jackson
Property Description
Location! REDUCED MOTIVATED SELLER AND $10,000 towards downpayment with the help of the $10,000 Homebuyer Access grant as a primary residence purchase...Perfect first-time home buyer or Investor, no Rental Restrictions. The unit is currently rented for 1250 to a long-term tenant. It is very easy to find new tenants or increase rent. Also, it can be bought as a package with two other units in the same complex. Additional Unit 8 is rented for 1200 to a long term tenant. And 571 Formwalt unit 7 is rented for 1200. There are no Seller Disclosure as the seller has not lived there.
Exterior Features

Architectural Style Mid-Rise (up to 5 stories) Construction Materials Brick 4 Sides Dock None Exterior Features None Fencing None Foundation Slab Horse Amenities None Lot Features Other Number Of Parking Spaces 1 Other Structures None Parking Features AssignedOn StreetParking Pad Patio And Porch Features Deck Pool Features None Pool Private YN No Road Surface Asphalt Road Type None Roof Type Shingle Stories One View Other Waterfront Features None Window Features None

Interior Features

Additional Rooms Other Appliances DishwasherDisposalElectric RangeElectric Water Heater Basement None Bedroom Features None Cooling Ceiling Fan(s)Central Air Dining Room Features None Fireplace Features None Flooring Hardwood Heating Central Interior Features Other Kitchen Features None Laundry Features In HallLaundry RoomMain Level Main Bedrooms 2 Main Full Baths 2 Master Bathroom Features None Number Of Fireplaces 0

Property Features

Accessibility Features None Association Fee 0 Association YN Yes Common Walls 1 Common Wall Community Features None Electric None Fha Condo Approval YN Yes Green Energy Efficient None Green Energy Generation None Hoa Rent Restrictions No Home Warranty No Initiation Fee 0 Land Lease YN No Lot Size Dimensions x Master Association Fee 330 Master Association Fee Frequency Monthly Number Of Units In Community 1 Other Equipment None Ownership Other Property Attached YN Yes Property Condition Resale Security Features Fire Alarm Sewer Public Sewer Spa Features None Special Circumstances None Special Listing Conditions None Swim Tennis Fee Due None Tax Year 2024 Taxes 2473 Type Condominium Utilities Cable AvailableElectricity AvailableSewer AvailableUnderground UtilitiesWater Available Water Source Public

Listing provided courtesy of Dalton Wade, Inc.: .


First MLS logo Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2025 First Multiple Listing Service, Inc. Data last updated 2025-03-26T07:06:09.1. For issues regarding this website, please contact BoomTown.
 
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The Zac Team @ RE/MAX Metro Atlanta
600 Virginia Ave NE
Atlanta GA, 30306