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598 Formwalt Street Sw, Atlanta, GA 30312

$1,120,000
  • 598 Formwalt Street Sw, Atlanta, GA 30312 Main Photo

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Active
BEDS0 BATHS MLS#7752154
STATUS PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONMechanicsville SCHOOLPaul L. Dunbar - Maynard Jackson

Property Description

An exceptional investment opportunity awaits in the heart of Atlanta. This stunning modern duplex offers approximately 4,800 square feet of total living space and income-producing potential from day one. With a recent appraisal of $1,210,000, instant equity is built in from the start. No HOA and two thoughtfully designed units offer the kind of flexibility and freedom that is rarely found at this level. Unit A features approximately 2,400 square feet, 4 bedrooms, 3.5 bathrooms, an upper-level primary suite with a spa-inspired ensuite and custom walk-in closet, and a driveway accommodating up to 5 vehicles. Unit B offers approximately 2,400 square feet, 4 bedrooms, 2.5 bathrooms, and a serene primary on the main. Both units feature open concept floor plans with thoughtful design details throughout. Unit B is an active Airbnb rental being sold with all appliances and furniture included, making this a seamless investment from day one. Unit A is equally positioned for rental conversion. Whether you are an investor seeking immediate cash flow, a house hacker looking to live in one unit while generating rental income from the other, or a savvy buyer looking to build wealth through Atlanta's booming short-term rental market, this property was made for you. With the FIFA World Cup coming to Atlanta, demand for short-term rentals in this corridor is only expected to surge. Nestled on a charming cobblestone street minutes from Downtown Atlanta, the BeltLine, Mercedes-Benz Stadium, State Farm Arena, and Interstates I-20, I-75, and I-85, the location is unmatched. Preferred lender incentive available. Stop by and view in person 2-4 p.m. on May 2nd.

598 Formwalt Street Sw | MLS# 7752154

This multi-family property located at 598 Formwalt Street Sw, Atlanta, GA 30312 is currently listed for sale with an asking price of $1,120,000. Formwalt Street Sw is located within the Paul L. Dunbar - Maynard Jackson school district. Search Atlanta real estate on www.clhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Ceiling Fan(s), Central Air, Multi Units, Zoned
Heating: Forced Air, Natural Gas, Separate Meters, Zoned
Lot Size: 0.18 Acres
Roof Type: Composition
Taxes: $1,548
Year Built: 2025

Feature Descriptions

Days on Site: 22
Exterior: HardiPlank Type
Lot Dimensions: x
Neighborhood Amenities: Near Beltline, Near Public Transport, Near Schools, Near Shopping, Near Trails/Greenway, Restaurant, Sidewalks
Parking Notes: Driveway
Security: Security Service
Sewer: Public Sewer
Special View Info: City
Units: 2
Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
Water: Public

Local Schools

High School: Maynard Jackson
Middle School: Martin L. King Jr.
Elementary School: Paul L. Dunbar
School District: Paul L. Dunbar - Maynard Jackson

Listed By / Shown By

Listed By

Agency Name: Watch Realty Co.
Agency Phone: 404-630-2616

Shown By

Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666

IDX logo

Source: FMLS

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Estimated Payment

$ 2,948.30 per month $2,492.63 Principal & Interest $129.00 Property Tax $326.67 Homeowner's Insurance

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