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1413 STONE MILL TRCE Stone Mountain, GA 30083
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Key Details
Sold Price $90,333
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 1,152 sqft
Price per Sqft $78
Subdivision Stone Mill Condominium Association
MLS Listing ID 10778339
Style A-Frame
Bedrooms 2
Full Baths 1
Half Baths 1
HOA Fees $420
Year Built 1974
Annual Tax Amount $2,746
Tax Year 2024
Lot Size 958 Sqft
Property Sub-Type Condominium
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
Interior
Heating Forced Air
Cooling Central Air
Flooring Carpet, Tile, Vinyl
Laundry In Kitchen
Exterior
Parking Features Carport, Assigned
Garage Spaces 1.0
Fence Back Yard, Fenced, Privacy
Community Features None
Utilities Available Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Sewer Connected, Water Available
View Y/N No
Roof Type Other
Building
Lot Description Other
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
New Construction No
Schools
Elementary Schools Stone Mountain
Middle Schools Stone Mountain
High Schools Stone Mountain
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Resale
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