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2 Beds
1 Bath
620 sqft

$99,500

561 Formwalt Street SW # 10, Atlanta GA, 30312

Price per sqft$160.48
Built in1962
Property size620 sqft
Property typeCondominium

Overview

Active

Listed Aug 10, 2026

Updated 11h ago

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.

$662/mo

Est. mortgage payment based on a $99,500 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
10819422

Interior Features

Bedrooms
2
Bathrooms
1
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.01 Acres

Other Property Details

Taxes
$429
Tax Frequency
Annually
Association Fee Frequency
Yearly

Also listed on FMLS

Listed with BHHS Georgia Properties

Based on information from Georgia MLS as of 11/8/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. 

©2026 Georgia MLS. All rights reserved. Information deemed reliable but not guaranteed. 

Data last updated 3:12 AM UTC, 11/8/2026

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