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Key Details
Sold Price $271,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Subdivision Stone Mill Condominium Association
MLS Listing ID 7835273
Sold Date 09/28/26
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! 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.
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
Tax ID 18 137 05 031
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Bought with Non FMLS Member
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