Go ask your agent if this is true: Do some investment properties deliver immediate positive cash flow from the day of closing? The answer here is "YES." While most investors spend months renovating and marketing rental properties before seeing their first dollar of return, 2238 Scarbrough Drive offers what sophisticated portfolio builders value most: immediate, verifiable income. What truly separates this opportunity from typical investment listings? Current occupancy with a qualified tenant already in place, generating $1,395 monthly. This represents the holy grail of residential investing: acquiring a performing asset without the typical startup costs and initial vacancy period that dramatically impact first-year returns. For investors focused on real-world performance rather than theoretical potential, this property delivers tangible results from day one. No construction delays, no contractor headaches, no marketing costs, and no tenant screening uncertainty. Just predictable monthly income beginning immediately after closing. The 3-bedroom, 2-bath split level configuration provides the ideal rental layout that consistently maintains tenant demand in any market condition and Stone Mountain's strategic location offers the precise balance of accessibility and affordability that drives superior investment returns. While providing easy commuting access to major employment centers, the property sits in a submarket where acquisition costs remain reasonable relative to rental rates, creating the favorable cash-on-cash returns that sophisticated investors prioritize. Unlike speculative investment opportunities requiring substantial post-acquisition capital, this property allows your investment dollars to work immediately toward wealth building rather than renovation costs. The existing lease provides operational predictability that simply cannot be matched by vacant "potential rental" properties regardless of condition. For investors building long-term portfolios, this property offers the ideal combination: reliable current income with appreciation potential in an established neighborhood. Whether expanding an existing portfolio or acquiring your first investment property, 2238 Scarbrough Drive represents the operational simplicity and immediate performance that savvy investors seek. Calculate your returns using actual numbers, not projections. Analyze the verified rental payment history and current property condition. Then make your decision promptly. Properties offering immediate income with documented performance history rarely remain available long in today's yield-seeking market. Priced to attract immediate interest from serious, investment-minded buyers only. Call your agent (or your financial advisor) today for a complete investment package including current lease documentation and payment history.
Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Underground Utilities
Electric: 110 Volts
Condo/Co-op/Association
Community Features: Near Shopping, Near Schools, Near Public Transport
Subdivision Complex: Barry E Cowan
Schools
Elementary School: Panola Way
Middle School: Miller Grove
High School: Miller Grove
Lot Info
Acres: 0.2000
Lot Features: Back Yard, Front Yard
Lot Dimensions: x
Parcel Number: 16 039 04 041
Horse Amenities: None
Land Lease: No
Property Attached Yn: No
Green Features
Green Energy Generation: None
Tax Info
Taxes: 3547.00
Assessor Parcel Number: 16-039-04-041
Tax Year: 2023
MLS Schools
Elementary School: Panola Way
High School: Miller Grove
Middle School: Miller Grove
Map
Range of Values:
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Average Value
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List Price
Sold Price
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Home Values in the Area
Source: Public Records
Average Home Value in this Area
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax Assessment
Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property.
Beautiful 3 bedroom 2 bathroom Ranch on a full finished basement, nestled in a quiet cul-de-sac. This home was recently renovated and is absolutely stunning with new paint inside and out, new marble-like counters, lovely light fixtures and much more. The basement is complete with extra rooms that you can put your imagination to work on for extra space for bed, family, or recreation rooms ,
Discover the potential in this charming multi-level home featuring 3 spacious bedrooms and 2 full bathrooms. Thoughtfully designed with multiple living levels, this layout offers flexibility and privacy for everyone. Enjoy a cozy and functional kitchen, bright living spaces, and generously sized bedrooms. Step outside to a small wood deck in the backyard—perfect for morning coffee or relaxing in
No BLIND OFFERS!! Great Opportunity for Investor looking to add to their portfolio. Split Level, 3 Bedrooms, 3 Full Baths, Basement, Spacious home ready for Cosmetic Improvements. New Roof - less than 1 year old, HVAC and Water Heater installed in 2021, Some Kitchen Appliances New and more make this home a quick Opportunity to make it move in ready. Just a few things to finish what the seller
Step into this well-maintained 3-bedroom, 2-bath home in Stone Mountain! It offers a spacious living area with plenty of natural light, a functional kitchen, and a primary suite with a private bath. The backyard provides room for outdoor enjoyment and relaxation. Conveniently located with access to shopping, dining, and major roadways. Don’t miss this opportunity—schedule your tour today!
This 3-bedroom, 2-bath ranch home in the Scarbrough Square subdivision offers functional one-level living in a quiet Stone Mountain neighborhood. The layout includes an eat-in kitchen that opens to the family room, a comfortable primary suite, and two additional bedrooms suited for guests, office use, or hobbies. Set on a level lot with a driveway and parking pad, this home provides everyday
Welcome home to this 3-bedroom, 2.5-bath residence located in the quiet, sought-after Hidden Hills community. This home features a spacious main level with cozy fireplace, and an abundance of natural light. Upstairs, the primary bedroom includes a walk-in closet and a private bath with dual vanities, a soaking tub, and a separate shower. Two additional bedrooms offer ample space and share a full
This charming 1-story home offers great potential for the right buyer. Featuring a cozy living room with a fireplace, this home provides a warm and inviting space. The property includes a front porch, perfect for enjoying the outdoors, and a 1-car garage for parking and storage. The backyard is fully enclosed with a wood fence, offering privacy and space for outdoor activities. Please note, the
Affordable homes are still available! Stone Mountain ranch ready for its next family! Seller hoped to eliminate some of your concerns- new water heater, new AC unit, and newer roof installed! Property is walking to distance to public transit, minutes from major highways, and shopping plazas. Schedule your viewing today and prepare to forward your mail!
Shakeena WatkinsKeller Williams Realty Atl. Partners
Situated in the established Woodridge neighborhood, this three-bedroom ranch offers a classic layout with all bedrooms on the main level. The home sits on a level lot and includes a front porch and back deck, providing outdoor space with flexibility. With easy access to local schools, parks, and shopping, it’s a practical option for buyers seeking a one-level home in a convenient location. A
This home is located at 2238 Scarbrough Dr, Stone Mountain, GA 30088 and is currently priced at $175,000, approximately $140 per square foot. This property was built in 1985. 2238 Scarbrough Dr is a home located in DeKalb County with nearby schools including Panola Way Elementary School, Miller Grove Middle School, and Miller Grove High School.
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