Calling All Rental Property Investors! Turnkey Opportunity to own a Tenant Occupied property renting for $700 per month. Nearby home values are as high as $400,000! Market Rents as high as $1,200/month! Tenant has lived in the home for 6 Years and they would like to stay. Currently on a Month-to-Month lease to provide the new owner with flexibility for renewal terms. Seller will provide a 1 YEAR Security Deposit Replacement Insurance Policy to cover any potential uncollected rent, eviction costs, or property damages up to $3000 and a 1 YEAR Premium Home Warranty! Send All Offers! Cash or Conventional Financing Preferred. Do Not Approach the Home! Do Not Disturb the Tenant!
Last Buyer's Agent
Spencer Lindahl
Main Street Renewal LLC License #350358
Home Type
Est. Annual Taxes
Year Built
Parking
Home Design
Interior Spaces
Bedrooms and Bathrooms
Schools
$130,000
Back on the Market again! 592 Formwalt St. is a fixer or really a tear down. Its zoned for 2 lots - 25' wide each The Zoning is SPI-18, similar to R-5, it allows the property to be rebuilt as 2 connected homes, each of which can be conveyed, sold, separately as 2 fee simple townhomes. See similar projects across the street (591 and 593) and on Eugenia street. Complete Survey and Architectural
Tom Atkinson Keller Knapp
$150,000
*Seller has $260k ARV appraisal in hand from when he purchased the home in January - available upon request and uploaded to MLS* Investor Special – Prime Fixer-Upper Opportunity with Major Potential! This is your chance to grab a value-packed property with permits, architectural plans, and an ARV appraisal already in hand. Whether you're planning a full renovation or a simple refresh, this home
Lily Stevens RE/MAX Around Atlanta
$149,900
Great oportunity on this Mixed Use property. Zoned commercial for doctors office, daycare, insurance, tax accounting, or rent out rooms for business multi - use. Electricity & Water service are On property is vacant on a lock box.
Freddy Pena Epique Realty
$154,900
Welcome to this three bedroom ranch located in an established neighborhood with a lovely covered front porch great for relaxing and entertaining guests. The kitchen is equipped with modern appliances and ample cabinetry & countertops for space and food prep. The sunny dining area is right outside the kitchen with sliding glass doors that open up into the backyard. It features a spacious family
Ben Herring eXp Realty
$155,000
Cozy 3-bedroom, 1-bath ranch just minutes from downtown and the airport! This fantastic home boast beautiful hardwood floors throughout and a spacious backyard- perfect for relaxing. If you're an investor looking for passive income or a first-time homebuyer, this property offers so much potential in a prime location
Mark Spain Mark Spain Real Estate
$110,000
Great Southeast Atlanta Location near Brownsmill Golf Course. Older home in a nice neighborhood where lots of renovations are being done. This one may require a full rehab. Brick home with a two car carport and corner lot. Please enter with CAUTION!!! No electricity so show during day light hours. Property being sold "as is" "where is" with all faults. Again use caution upon entering!!!
KC Cabell BHGRE Metro Brokers
$127,680
HUD Case #106-480305. Cute as a button ranch home in Lakewood Estates. This 2 bedroom/1 bath home has a lot to offer. You will love the bright rooms, huge living room, darling kitchen with stainless appliances, sunny bedrooms, and updates throughout. The BIG backyard surrounded by trees is perfect for relaxing. Would be a great first home or investment. Close to schools, shopping, and all
Steven Hayden eList Realty Georgia LLC
$119,000
Calling All Investors! Fix & Flip Goldmine in Thomasville Heights. Major price reduction! Priced to sell and offered As-Is. This four-sided brick with unfinished partial basement beauty sits on nearly half an acre of LEVEL, clear buildable land. A rare gem inside the city limits. Incredible opportunity tucked into a quiet, established neighborhood in the heart of Atlanta. Seller added one
Raquel Kimball Epique Realty
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $125,000 | -- | |
| Warranty Deed | $125,000 | -- | |
| Warranty Deed | $482,900 | -- | |
| Warranty Deed | $125,000 | -- | |
| Warranty Deed | $598,333 | -- | |
| Warranty Deed | $150,000 | -- | |
| Warranty Deed | $150,000 | -- | |
| Warranty Deed | $1,840,000 | -- | |
| Deed | $32,000 | -- | |
| Deed | -- | -- | |
| Foreclosure Deed | $149,171 | -- | |
| Foreclosure Deed | $63,000 | -- | |
| Deed | $155,000 | -- | |
| Deed | $82,000 | -- | |
| Deed | $55,000 | -- |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $124,000 | New Conventional | |
| Previous Owner | $79,540 | New Conventional | |
| Previous Owner | $54,550 | FHA |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/10/2025 07/10/25 | Price Changed | $199,900 | -4.8% | $185 / Sq Ft |
| 06/20/2025 06/20/25 | Price Changed | $209,900 | -4.5% | $194 / Sq Ft |
| 06/04/2025 06/04/25 | For Sale | $219,900 | +75.9% | $204 / Sq Ft |
| 08/10/2021 08/10/21 | Sold | $125,000 | -21.9% | $116 / Sq Ft |
| 07/09/2021 07/09/21 | Pending | -- | -- | -- |
| 06/04/2021 06/04/21 | For Sale | $160,000 | +455.8% | $148 / Sq Ft |
| 01/23/2013 01/23/13 | Sold | $28,788 | -31.5% | $27 / Sq Ft |
| 08/28/2012 08/28/12 | Pending | -- | -- | -- |
| 07/02/2012 07/02/12 | For Sale | $42,000 | -- | $39 / Sq Ft |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,994 | $93,840 | $32,680 | $61,160 |
| 2023 | $3,885 | $93,840 | $32,680 | $61,160 |
| 2022 | $2,024 | $50,000 | $8,240 | $41,760 |
| 2021 | $1,867 | $46,080 | $7,560 | $38,520 |
| 2020 | $1,739 | $42,440 | $8,880 | $33,560 |
| 2019 | $487 | $30,760 | $5,480 | $25,280 |
| 2018 | $772 | $18,640 | $4,240 | $14,400 |
| 2017 | $745 | $17,240 | $4,080 | $13,160 |
| 2016 | $747 | $17,240 | $4,080 | $13,160 |
| 2015 | $1,226 | $17,240 | $4,080 | $13,160 |
| 2014 | -- | $17,240 | $4,080 | $13,160 |
T
Seller's Agent in 2025
THE KURZNER GROUP
Resideum Real Estate
(678) 869-9000
1,065 Total Sales
B
Seller Co-Listing Agent in 2025
Brent Bagley
Resideum Real Estate
(678) 710-6132
25 Total Sales
Seller's Agent in 2021
Trent Dunn
eXp Realty
(404) 382-7697
6 in this area
97 Total Sales
S
Buyer's Agent in 2021
Spencer Lindahl
Main Street Renewal LLC
L
Seller's Agent in 2013
Logan Cook
Keller Williams Realty ATL Part
(770) 692-0888
124 Total Sales
C
Buyer's Agent in 2013
CAROLYN W WALTERS
NOT A VALID MEMBER
Source: Georgia MLS
MLS Number: 8990860
APN: 14-0038-0010-009-6
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Redfin are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2025 Georgia MLS. All rights reserved.