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Property Location

784 Formwalt Street SW, Atlanta GA 30315

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List Price $54,900

Units adj 1

Price / Unit $54,900

784 Formwalt Street SW Atlanta, GA 30315

Data last updated: August 2, 2026 at 9:46 PM EST

ACTIVE

Incredible residential development opportunity on this level lot in the heart of up and coming Mechanisville. Zoned SPI-18-SA5. Mechanisville Special Public Interest District, which allows for single or multi family development. Walking distance to 2 Beltline entrances and close proximity to the New Pittsburgh Yards multi-million dollar 31-acre mixed used development, future Beltline Southside Corridor& walking distance to The Beltline Westside Trail & Pittman Park. Lot is situated near many of the city's major redevelopment projects - The Met, the former Turner Field and State Farmers Market, which is now a hip Summerhill Food & Restaurant area, Hartsfield-Jackson International Airport, Lee & White Street, Georgia State University and all major highways and minutes from Downtown. Don't miss yourchance to claim your stake in a growing area that is showing appreciation and pegged for growth. Located in the Atlanta Opportunity Zone. Zoning information can be at found at City of Atlanta GIS or FMLS & GAMLS Media. No survey.

Investment Notes — Atlanta

Located in the Atlanta, GA area
Value-add opportunities typically exist through management, renovations, or operational improvements
Rental demand and achievable rents vary significantly by submarket — local market verification is recommended
Actual cash flow depends on occupancy, expenses, financing, and current market conditions

Built from available FMLS income data and transparent operating assumptions · Units adjusted (LIKELY_SFR_OR_MOBILE)

Price per Unit $54,900 Verified

Confidence scores included Latest FMLS data Transparent modeling

Starts from list price and unit count. No rent data in this listing — enter your own rent assumptions below. Override any value to model your own scenario. Units adjusted (LIKELY_SFR_OR_MOBILE).

Assumptions

Purchase Price List Price

Number of Units

Avg Rent / Unit / Month Enter your estimate

Annual Gross Potential Income Editable

Enter rent per unit or total GPI to model returns

Vacancy Rate Estimated

5.0%

Operating Expense Ratio Estimated

40%

Financing

Down Payment Default 25%

25%

Interest Rate Default 7%

Loan Term Years

30 yrs

Projected Returns

Gross Potential Income —

Effective Gross Income —

Operating Expenses —

Net Operating Income (NOI) —

Asking Cap Rate —

Price Per Unit —

Annual Debt Service —

Year 1 Cash Flow —

Cash-on-Cash Return —

Simplified estimates for Atlanta. Actual results depend on real rents, expenses, financing terms, and local market conditions. Service view: Inquire for Details.

Why these numbers can differ from the Metrics Bar & Highlights above

The Metrics Bar and Highlights use the service’s numbers (actual MLS Gross / Opex / NOI / Cap Rate when available, otherwise modeled).
This calculator lets you change every assumption in real time. Once you move any slider or input, the results become your scenario, not the service estimate.
Vacancy, expense ratio, and financing terms here may be more or less aggressive than the service defaults.
Cash flow shown is before income taxes, capital expenditures, and any other non-operating items.

Inquire for Details

Jeff’s Investment Take

Insufficient data for a modeled recommendation. Contact for the rent roll and actuals.

Important Investment Information

Suppressed (LIKELY_SFR_OR_MOBILE). Verify classification and actual numbers with the listing agent.

Any estimated or modeled figures represent the independent analysis of Jeff Crowe / Century 21 The Avenues and are not supplied by FMLS or the listing broker.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.

MLS ID: 7769367 · Listing courtesy of Trend Atlanta Realty, Inc., BRANDON MARSHALL · 770-777-1321

IDX Information Provided by Jeff Crowe · jeffcrowe@c21theavenues.com

FMLS · Updated Daily

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