1150 Rankin Street # F7,Stone Mountain, GA 30083
Stone Mountain, GA 30083
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.
Details
| MLS # | 10848611 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1971 |
| Days On Site | 37 |
| Listing Provided By | Keller Williams Realty PeachtreeRoad | Angela Carpinella |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 1,380 |
| Story(s) | 2 |
| Acreage | 0.02 |
Interior
| Appliances | Dishwasher, Electric Water Heater, Range, Refrigerator |
|---|---|
| Interior Features | Roommate Plan |
| Cooling | Ceiling Fan(s), Central Air |
| Cooling Yes / No | Yes |
| Heating | Central |
| Heating Yes / No | Yes |
| Fireplace Yes / No | No |
| Fireplaces Total | 0 |
| Room Kitchen Features | Breakfast Area, Solid Surface Counters |
| Laundry Features | In Hall |
Exterior
| Lot Features | Level |
|---|---|
| Construction Materials | Other |
| Roof | Composition |
| Patio And Porch Features | Patio |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
| Parking Features | Off Street |
Utilities
| Utilities | Other |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Annual Amount | 3782 |
|---|---|
| Tax Year | 2025 |
Location
| Community Features | Near Public Transport, Walk To Schools, Near Shopping |
|---|
Area Information
| State | GA |
|---|---|
| County | DeKalb |
| City | Stone Mountain |
| Zip Code | 30083 |
| Area | DeKalb |
| Community Name | Stone Mountain West |
| School District | Stone Mountain |
| Elementary School | Stone Mountain |
| High School | Stone Mountain |
| Listing VS Median (in Stone Mountain West) | |
Price: $135,000 low | high Med: $114,900 sqft: 1,380 low | high Med: 1,380 $ / sqft: $98 low | high Med: $83 On site: 37 low | high Med: 171 | |
Market Activity 30083
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Contact
Learn More About This Property
Alicia Appling
Coldwell Banker Upchurch Realty
Smart Home Certified, Accredited Buyer Representative, Senior Real Estate Specialist, Certified Residential Specialist, Certified Relocation Residential Specialist, Certified Luxury Home Marketing Specialist, Graduate, REALTOR Institute (706) 202-5033alicia@aliciaappling.com| State | GA |
|---|---|
| County | DeKalb |
| City | Stone Mountain |
| Zip Code | 30083 |
| Area | DeKalb |
| Community Name | Stone Mountain West |
| School District | Stone Mountain |
| Elementary School | Stone Mountain |
| High School | Stone Mountain |
| Listing VS Median (in Stone Mountain West) | |
Price: $135,000 low | high Med: $114,900 sqft: 1,380 low | high Med: 1,380 $ / sqft: $98 low | high Med: $83 On site: 37 low | high Med: 171 | |
