1413 STONE MILL Trace, Stone Mountain, GA 30083

$110,000
2
BD
2
BA
1,152
SqFt

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List Price
$110,000
MLS#
10778339
Type
Condo
City
Stone Mountain
County
Dekalb
Subdivision
Stone Mill Condominium Association
Bedrooms
2
Bathrooms
2
Living Area
1,152
Year Built
1974

Property Description

Investor Opportunity! Vacant & Ready for Immediate Income Production! This 2-bedroom, 1.5-bath condominium presents an excellent opportunity for investors seeking a value-add asset with strong rental potential. The functional floor plan offers spacious living and dining areas, a well-appointed kitchen, two generously sized bedrooms upstairs, and a private patio area ideal for tenant enjoyment. Currently vacant, this unit is projected to achieve close to $1,675 per month in market rent and offers flexibility for traditional leasing or placement of a housing voucher tenant. HOA dues include exterior maintenance, landscaping, and water/sewer, helping reduce ownership responsibilities and simplify management. 1413 Stone Mill Trace is also part of a rare 3-unit investment package that includes 1411 and 1421 Stone Mill Trace. Together, the portfolio generates approximately $5,000 in monthly rental income and nearly $60,000 annually in gross revenue, offering investors an opportunity to acquire a stabilized, income-producing portfolio with both immediate cash flow and upside potential. Rent roll, lease information, and financials are available upon request. Conveniently located near major highways, shopping, dining, public transportation, and employment centers. Whether purchased individually or as part of the portfolio package, this property offers an attractive opportunity for investors looking to build wealth through real estate.

Additional Information

Elementary School
Stone Mountain
High School
Stone Mountain
Interior Features
Other
Style
A-Frame
Parking
Carport, Assigned
Basement Type
None
Stories
2 Stories
Fees Include
Maintenance Structure, Maintenance Grounds, Water
Tax Year
2024

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Calculator source: Real Geeks

Listing courtesy of Foundation Partners Realty LLC.

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