6269 Marbut Farms Rd Lithonia, GA 30058
Estimated payment $1,142/month
Highlights
- Open-Concept Dining Room
- Ranch Style House
- White Kitchen Cabinets
- Property is near public transit
- Neighborhood Views
- Ceiling height of 9 feet on the main level
About This Home
Immediate Cash Flow Opportunity - Tenant Occupied for Investment-minded buyers. Here's your performing asset: $1,575 monthly income already in place. No vacancy period. No renovation delays. No tenant screening. Just verified cash flow from day one. Current qualified tenant with established payment history makes this a true turnkey investment. The 3-bedroom, 2-bath configuration consistently maintains tenant demand in Lithonia's strategic rental market—accessible to employment centers while maintaining favorable cash-on-cash returns. Unlike vacant "potential rentals" requiring post-acquisition capital, your investment dollars work immediately. The existing lease provides operational predictability and documented performance history that sophisticated portfolio builders prioritize. AS-IS SALE - Property condition reflected in competitive pricing. Calculate your returns using actual numbers, not projections. CASH ONLY - Quick close available for qualified buyers. Properties with verified income and established tenants move fast in today's yield-seeking market. Serious investment buyers only. Call your agent or text the listing agent with proof of funds to receive the complete investment package including current lease documentation and payment history.
Listing Agent
Keller Williams Realty Metro Atlanta License #267264 Listed on: 06/04/2025
Home Details
Home Type
- Single Family
Year Built
- Built in 1985
Lot Details
- 4,356 Sq Ft Lot
- Wood Fence
- Back Yard Fenced and Front Yard
Parking
- 1 Car Garage
Home Design
- Ranch Style House
- Composition Roof
- Wood Siding
Interior Spaces
- 1,264 Sq Ft Home
- Ceiling height of 9 feet on the main level
- Ceiling Fan
- Family Room with Fireplace
- Open-Concept Dining Room
- Neighborhood Views
- Fire and Smoke Detector
- Laundry Room
Kitchen
- Electric Range
- Dishwasher
- Laminate Countertops
- White Kitchen Cabinets
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 2 Full Bathrooms
- Bathtub and Shower Combination in Primary Bathroom
Outdoor Features
- Patio
Location
- Property is near public transit
- Property is near schools
- Property is near shops
Schools
- Panola Way Elementary School
- Lithonia Middle School
- Lithonia High School
Utilities
- Central Heating and Cooling System
- 110 Volts
- High Speed Internet
- Phone Available
- Cable TV Available
Community Details
- Marbut Farms Subdivision
Listing and Financial Details
- Assessor Parcel Number 16 103 05 024
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2024 | $4,184 | $86,080 | $15,000 | $71,080 |
| 2023 | $4,184 | $83,160 | $15,000 | $68,160 |
| 2022 | $2,046 | $39,480 | $7,200 | $32,280 |
| 2021 | $2,335 | $46,080 | $7,200 | $38,880 |
| 2020 | $2,046 | $39,480 | $7,200 | $32,280 |
| 2019 | $1,891 | $35,960 | $7,200 | $28,760 |
| 2018 | $1,579 | $34,040 | $7,200 | $26,840 |
| 2017 | $1,585 | $28,840 | $3,280 | $25,560 |
| 2016 | $1,377 | $24,080 | $3,280 | $20,800 |
| 2014 | $1,376 | $23,480 | $3,280 | $20,200 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/13/2025 09/13/25 | Price Changed | $150,000 | -4.8% | $119 / Sq Ft |
| 09/03/2025 09/03/25 | Price Changed | $157,500 | -1.5% | $125 / Sq Ft |
| 08/18/2025 08/18/25 | Price Changed | $159,900 | -8.6% | $127 / Sq Ft |
| 07/31/2025 07/31/25 | Price Changed | $175,000 | -5.4% | $138 / Sq Ft |
| 07/21/2025 07/21/25 | Price Changed | $185,000 | -5.1% | $146 / Sq Ft |
| 06/28/2025 06/28/25 | Price Changed | $195,000 | -7.1% | $154 / Sq Ft |
| 06/04/2025 06/04/25 | For Sale | $209,900 | 0.0% | $166 / Sq Ft |
| 06/03/2025 06/03/25 | Price Changed | $209,900 | +273.0% | $166 / Sq Ft |
| 10/21/2016 10/21/16 | Sold | $56,267 | -6.2% | $45 / Sq Ft |
| 08/04/2016 08/04/16 | Pending | -- | -- | -- |
| 07/14/2016 07/14/16 | For Sale | $60,000 | -- | $47 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $133,500 | -- | |
| Foreclosure Deed | -- | -- | |
| Warranty Deed | $103,980 | -- | |
| Foreclosure Deed | -- | -- | |
| Deed | $106,000 | -- | |
| Deed | $75,900 | -- | |
| Deed | $6,000 | -- | |
| Deed | $2,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $82,147 | New Conventional | |
| Previous Owner | $105,050 | FHA | |
| Previous Owner | $76,483 | FHA | |
| Previous Owner | $64,750 | FHA | |
| Closed | $2,000 | No Value Available | |
| Closed | $0 | FHA |
Source: First Multiple Listing Service (FMLS)
MLS Number: 7551479
APN: 16-103-05-024
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