1413 STONE MILL TRCE, Stone Mountain, GA 30083
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Megan Humphries

Megan Humphries

+1(404) 850-0286
$ 110,000
Est. payment | /mo

958 Sqft Lot

Save
$ 110,000
Est. payment | /mo
Save

958 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Subdivision Stone Mill Condominium Association

MLS Listing ID 7835273

Construction Status Resale

HOA Y/N No

Year Built 1974

Annual Tax Amount $2,746

Tax Year 2024

Lot Size 958 Sqft

Acres 0.022

Property Sub-Type Other

Source First Multiple Listing Service

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.

Location

State GA

County Dekalb

Area Stone Mill Condominium Association

Lake Name None

Interior

Heating Forced Air

Cooling Central Air

Flooring Carpet, Ceramic Tile, Vinyl

Window Features None

Exterior

Parking Features Carport

Fence Back Yard, Fenced, Privacy

Community Features Homeowners Assoc

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Water Available

Waterfront Description None

View Y/N Yes

View Other

Roof Type Other

Accessibility None

Handicap Access None

Total Parking Spaces 1

Private Pool false

Building

Lot Description Other

Story Two

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Vinyl Siding

Construction Status Resale

Schools

Elementary Schools Stone Mountain

Middle Schools Stone Mountain

High Schools Stone Mountain

Others

Senior Community no

First Multiple Listing Service(FMLS)
Listed by Foundation Partners Realty, LLC
Nearby Locations
Megan Humphries

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(404) 850-0286

meganhumphriesrealtor@gmail.com

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1413 STONE MILL TRCE