561 Formwalt Street SW #10, Atlanta, GA 30312 (MLS # 7666406)

Price $138,500
Status Active
Beds 2
Baths 1 Bath
Home size 620 sqft
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.
Property Type(s): Condo/Townhouse/Co-Op
Last Updated 10/31/2025 Tract Capitol City Square
Year Built 1961 County Fulton

SCHOOLS

Elementary School Paul L. Dunbar
Jr. High School Martin L. King Jr.
High School Maynard Jackson

Additional Details

AIR Central Air
AIR CONDITIONING Yes
AMENITIES Insurance, Maintenance Grounds, Maintenance Structure, Pest Control, Sewer, Trash, Water
APPLIANCES Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Refrigerator, Washer
BASEMENT None
EXTERIOR Balcony, Courtyard
HEAT Central
HOA DUES 330|Monthly
INTERIOR Low Flow Plumbing Fixtures
LOT 619 sq ft
LOT DESCRIPTION Front Yard, Private
LOT DIMENSIONS 0x0
PARKING On Street, Parking Lot
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 1
STYLE Contemporary, Modern
SUBDIVISION Capitol City Square
TAXES 524
UTILITIES Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
VIEW Yes
VIEW DESCRIPTION Other
WATER Public
WATER ACCESS None
Listing provided courtesy of HomeSmart

Location

 

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Data last updated: 11/1/25 11:40 AM PDT.

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