1413 Stone Mill Trace, Stone Mountain, GA 30083
- $110,000
- List Price
- $110,000
- MLS#
- 7835273
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- Other
- Lot Size
- 0.022
- Subdivision
- Stone Mill Condominium Association
Property Description
Investor Opportunity! Occupied and 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
- Stories
- Two
- Construction
- Vinyl Siding
- Year Built
- 1974
- Neighborhood Amenities
- Homeowners Assoc
- Roof
- Other
- Parking
- Carport
- Lot Desc
- Other
- Water
- Public
- Sewer
- Public Sewer
- Elementary School
- Stone Mountain
- Middle School
- Stone Mountain
- High School
- Stone Mountain
- Acres
- 0.02
- Dock
- None
- Levels
- Two
- Taxes
- $2,746
Listing courtesy of Foundation Partners Realty, LLC.
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