720 Formwalt Street Sw, Atlanta, 30315

Multi-Family - Other For Sale in MECHANICSVILLE

$850,000

Beds
Baths
½Acres
1960Built
MLS® #: 6118889
Pending

AWESOME investment opportunity! Both 720 and 728 Formwalt are being sold together. These are 1950's brick buildings needing full renovation. Opportunity to earn $1300 - $1400 monthly/unit in rents! There are a total of 16 units with both buildings just waiting on the savvy investor to snag them up. Both communities are on a little over half an acre. Renovate and collect rent for years to come or assemble the lots for a larger project. Zoning is SPI-18 SA4 and other apartment buildings in the area are listed around $120k/unit. Close to GA State and a resurgent downtown.

Price & Status History

Date Details
Status Changed from Contingent-Due Diligence to Pending
Status Changed from Active to Contingent-Due Diligence

Essential Information

MLS® #: 6118889
Price: $850,000
Bathrooms: 0.00
Acres: 0.50
Year Built: 1960
Type: Multi-Family
Sub-Type: Other
Status: Pending

Community Information

Address: 720 Formwalt Street Sw
Area: 31 - Fulton South
Subdivision: MECHANICSVILLE
City: Atlanta
County: Fulton
State: GA
Zip Code: 30315

Amenities

Amenities: Street Lights
Utilities: None
Parking Spaces: 1
Parking: Varies By Unit
View: Other

Interior

Heating: Natural Gas
Cooling: None

Exterior

Lot Description: Level
Roof: Composition
Construction: Brick 4 Sides

School Information

Elementary: Dunbar
Middle: King
High: Maynard H. Jackson, Jr.

Listed By: KELLER WMS RE ATL MIDTOWN.

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Listing information last updated on April 24th, 2019 at 6:45am CDT.