1413 Stone Mill Trace,Stone Mountain, GA 30083
Stone Mountain, GA 30083
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.
Details
| MLS # | 10778339 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| HOA Dues | $420 |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1974 |
| Days On Site | 111 |
| Listing Provided By | Foundation Partners Realty LLC | Fransau McDonald |
Features
| Bed(s) | 2 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,152 |
| Car Port | Yes |
| Story(s) | 2 |
| Acreage | 0.02 |
Interior
| Appliances | Convection Oven, Dishwasher, Other, Refrigerator |
|---|---|
| Interior Features | Other |
| Cooling | Central Air |
| Cooling Yes / No | Yes |
| Heating | Forced Air |
| Heating Yes / No | Yes |
| Fireplace Yes / No | No |
| Fireplaces Total | 0 |
| Laundry Features | In Kitchen |
Exterior
| Lot Features | Other |
|---|---|
| Construction Materials | Vinyl Siding |
| Roof | Other |
| Fencing | Back Yard, Fenced, Privacy |
| Patio And Porch Features | Patio, Porch |
| Security Features | Smoke Detector(s) |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
| Parking Features | Carport, Assigned |
Utilities
| Utilities | Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Sewer Connected, Water Available |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Annual Amount | 2746 |
|---|---|
| Tax Year | 2024 |
Location
| Community Features | None |
|---|
Area Information
| State | GA |
|---|---|
| County | DeKalb |
| City | Stone Mountain |
| Zip Code | 30083 |
| Area | DeKalb |
| Community Name | Stone Mill Condominium Association |
| School District | Stone Mountain |
| Elementary School | Stone Mountain |
| Listing VS Median (in Stone Mill Condominium Association) | |
Price: $110,000 low | high Med: $110,000 sqft: 1,152 low | high Med: 1,152 $ / sqft: $95 low | high Med: $95 On site: 111 low | high Med: 111 | |
Market Activity 30083
Request a showing
Request a showing
Contact
Learn More About This Property
| State | GA |
|---|---|
| County | DeKalb |
| City | Stone Mountain |
| Zip Code | 30083 |
| Area | DeKalb |
| Community Name | Stone Mill Condominium Association |
| School District | Stone Mountain |
| Elementary School | Stone Mountain |
| Listing VS Median (in Stone Mill Condominium Association) | |
Price: $110,000 low | high Med: $110,000 sqft: 1,152 low | high Med: 1,152 $ / sqft: $95 low | high Med: $95 On site: 111 low | high Med: 111 | |