This Stone Mountain rental is ideal for the savvy investor. With furnished rooms and 4.5 bathrooms (2 en-suites) this home produces robust rental income compared to anything available on the market, while providing solid workforce housing. It grosses $4600 per month on average with some months averaging consistently above $6000. 0.3 miles to public transit on a major arterial, Redan Rd. Potential for 13% cap rate and 25%+ Cash-on-Cash ROI. FInancials and Proforma available upon request. Powered by PadSplit, this occupied rental is a workforce housing solution that not only helps members save money and live closer to work but provides a great investment for its owner. All members are professionally screened by PadSplit, required to pass a criminal background check and undergo income verification. PadSplit handles inbound requests from members and enforces house rules. One rent payment is direct-deposited into the owner's bank account based on the home's previous month's performance. Contact us today for preferred lenders if you need financing. If PadSplit is new to you, please Google 'PadSplit' to learn more about this game-changing affordable housing solution before calling. NOTE: SqFt of home is larger than the tax records state. Financing must be cash, hard money or one of our preferred lenders with PadSplit experience.
Home Type
Est. Annual Taxes
Year Built
Parking
Home Design
Interior Spaces
Flooring
Bedrooms and Bathrooms
Schools
Additional Features
Listing and Financial Details
Overview
Amenities
$335,000
Great opportunity to own this one of a kind, 6 bedroom, 4 full bath home with 2 kitchens on a quiet street. Completely remodeled just over 3 years ago with new wiring, plumbing and all new utilities. Upstairs boasts a large open floor plan, vaulted ceiling, cozy fireplace and spacious bedrooms. Fully finished basement featuring 3 bedrooms, 2 full bathrooms with its own kitchen and laundry for
Tom Anderson Revolve Real Estate
$299,000
Welcome Home! Ideally situated just minutes from historic downtown Stone Mountain and the scenic Stone Mountain Park. This spacious residence offers 5 bedrooms, 2 full bathrooms, and 2 convenient half bathrooms-perfect for comfortable family living and entertaining. Sitting on a full basement, this home provides ample space for storage, a home gym, or the opportunity to create your dream
Hannah Branham Anchor Real Estate Advisors
$229,900
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!
Southern Reo Southern REO Associates, LLC
$325,000
Charming 4-bedroom, 4-bath home located in the serene neighborhood of Stone Mountain. Home is being sold as-is-a great fit for a family or an investor looking for a solid opportunity. This property features a spacious living area with natural light, a modern kitchen with updated appliances, and a cozy fireplace. The large backyard offers ample space for outdoor activities and relaxation.
Steven Koleno Beycome Brokerage Realty LLC
$298,000
A beautifully renovated 6-bedroom, 4-bathroom ranch home. This home features stylish updates including stainless steel kitchen appliances, granite countertops, and updated flooring throughout. Situated on a large level lot. Conveniently located near shopping, dining and more! Do not miss this great opportunity!
Chris Hurd Blue Mountain Realty GA LLC
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $205,000 | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Deed | $98,500 | -- |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $210,000 | New Conventional | |
| Previous Owner | $89,000 | Stand Alone Second | |
| Previous Owner | $68,400 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $53,000 | No Value Available |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/31/2024 10/31/24 | Sold | $280,000 | +2.2% | $160 / Sq Ft |
| 09/14/2024 09/14/24 | Pending | -- | -- | -- |
| 09/06/2024 09/06/24 | For Sale | $274,000 | +33.7% | $157 / Sq Ft |
| 06/30/2021 06/30/21 | Sold | $205,000 | +5.1% | $117 / Sq Ft |
| 05/29/2021 05/29/21 | Pending | -- | -- | -- |
| 05/27/2021 05/27/21 | For Sale | $195,000 | -- | $111 / Sq Ft |
| Year | Tax Paid | Tax Assessment Tax 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. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $5,373 | $105,880 | $12,000 | $93,880 |
| 2022 | $3,956 | $81,960 | $7,200 | $74,760 |
| 2021 | $871 | $65,840 | $7,200 | $58,640 |
| 2020 | $826 | $55,160 | $7,200 | $47,960 |
| 2019 | $759 | $50,640 | $7,200 | $43,440 |
| 2018 | $611 | $44,840 | $7,200 | $37,640 |
| 2017 | $691 | $41,320 | $7,200 | $34,120 |
| 2016 | $606 | $36,280 | $7,200 | $29,080 |
| 2014 | $437 | $21,880 | $7,200 | $14,680 |
Source: Georgia MLS
MLS Number: 10373122
APN: 15-224-06-089
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