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Daphne Howell

howelldr2020@yahoo.com +1(404) 934-4733

$ 135,000

Est. payment -/mo

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Price Dropped by $10K

1150 Rankin ST #F7 Stone Mountain, GA 30083

3 Beds

2.5 Baths

1,380 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 1,380 sqft

Price per Sqft $97

Subdivision Stone Mountain West

MLS Listing ID 10848611

Style Other

Bedrooms 3

Full Baths 2

Half Baths 1

HOA Y/N Yes

Year Built 1971

Annual Tax Amount $3,782

Tax Year 2025

Lot Size 871 Sqft

Acres 0.02

Lot Dimensions 871.2

Property Sub-Type Condominium

Source Georgia MLS 2

Property Description

INVESTOR OPPORTUNITY WITH ESTABLISHED LONG-TERM TENANT IN PLACE! This updated 3-bedroom, 2.5-bath townhouse-style condo in Stone Mountain West offers investors the opportunity to step into an income-producing property with fewer of the typical upfront hassles of acquiring a rental. An excellent long-term tenant is already in place with a lease through September 2027 and is responsible for all utilities. For a new owner, that means immediate rental income without the initial downtime, turnover expenses, make-ready costs and uncertainty of finding and placing a new tenant. Don't miss this excellent opportunity to grow or diversify your rental portfolio. The two-level floor plan features an updated kitchen and bathrooms, luxury vinyl plank flooring on the main level, generous living and dining spaces, and three bedrooms upstairs. The HOA recently replaced the roof, providing another important recent improvement. Association dues cover common-element maintenance including pest control, exterior painting, staining and cleaning, exterior window frames, and hallway-facing entry doors. Conveniently located near Downtown Stone Mountain shopping and dining, Stone Mountain Park, area schools, Highway 78 and I-285, with easy access throughout Metro Atlanta. Looking for the numbers? Contact the listing agent for current rental information, gross income, estimated NOI and additional investment details. TENANT OCCUPIED. SHOWINGS WILL BE AVAILABLE WITH AN ACCEPTED OFFER DURING DUE DILIGENCE. Please respect the tenant's privacy and DO NOT DISTURB.

Location

State GA

County Dekalb

Rooms

Bedroom Description No

Basement None

Interior

Interior Features Roommate Plan

Heating Central

Cooling Ceiling Fan(s), Central Air

Flooring Carpet, Laminate

Fireplace No

Appliance Dishwasher, Electric Water Heater, Range, Refrigerator

Laundry In Hall

Exterior

Parking Features Off Street

Community Features Near Public Transport, Walk To Schools, Near Shopping

Utilities Available Other

View Y/N No

Roof Type Composition

Garage No

Private Pool No

Building

Lot Description Level

Faces GPS Friendly

Sewer Public Sewer

Water Public

Architectural Style Other

Level or Stories Two

Structure Type Other

New Construction No

Schools

Elementary Schools Stone Mountain

Middle Schools Stone Mountain

High Schools Stone Mountain

Others

HOA Fee Include Maintenance Structure,Maintenance Grounds

Tax ID 18 126 18 058

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition Updated/Remodeled

NEARBY SCHOOLS & PROPERTIES

Daphne Howell

Broker Associate

+1(404) 934-4733

Daphne Howell

1150 Rankin ST #F7 Stone Mountain, GA 30083

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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1150 Rankin ST #F7