$209,900
$15K PRICE DROP

6269 Marbut Farms Rd Lithonia, GA 30058

Estimated payment $1,506/month

Total Views 2,227
3 Beds
2 Baths
1,264 Sq Ft
$166 Price per Sq Ft

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

Go ask your agent if this is true: Do some investment properties come with day-one cash flow AND substantial long-term appreciation potential? The answer here is "YES." In a market where truly turnkey rental properties are increasingly scarce, 6269 Marbut Farms Road stands apart as that rare, already-performing asset that experienced investors prioritize. What distinguishes this property from typical "investment opportunities" requiring months of renovation and tenant placement? Immediate, verifiable income. Currently generating $1,575 monthly with a lease secured through April 2026, this property eliminates the vacancy risk and startup costs that erode first-year returns on most residential investments. The single-level ranch style 3-bedroom, 2-bath configuration offers the precise layout that maintains consistent rental demand regardless of market conditions. This family-friendly floor plan provides the optimal balance of livable space and operational efficiency, with the single-story design reducing both maintenance costs and tenant turnover compared to multi-level alternatives. For investors focused on predictable cash flow and operational stability, the existing tenant provides exceptional peace of mind. No renovation delays, no marketing expenses, no screening headaches. Just reliable monthly income from day one, with over a year of guaranteed performance ahead. The ranch-style construction offers additional investment advantages often overlooked by less experienced buyers. Single-level homes typically have lower maintenance costs per square foot, reduced HVAC operational expenses, and broader tenant appeal across demographics from young families to downsizing seniors, expanding your potential renter pool for future placements. Lithonia's strategic location combines accessibility to major employment centers with the value proposition that drives strong rental returns. While many investors focus exclusively on properties closer to the urban core, savvy buyers recognize that the rent-to-price ratios in this submarket consistently outperform higher-priced areas, creating superior cash-on-cash returns. The investment mathematics speak for themselves: with today's acquisition costs and current rental income, this property delivers immediate positive cash flow even with conservative underwriting assumptions. Unlike speculative "potential rental" properties, every number here is verifiable, from the lease terms to the property's operating history. For investors building long-term wealth through residential real estate, this property offers the optimal balance: stable current income with appreciation upside in an emerging submarket. Whether you're expanding an existing portfolio or acquiring your first investment property, 6269 Marbut Farms Road provides the operational simplicity and financial performance that sophisticated investors demand. Calculate your potential returns using actual, not theoretical, numbers. Analyze the existing lease, verified rental payment history, and property condition report. Then make your move decisively. Properties offering immediate income with this level of documentation and performance history typically generate multiple investor offers within days of listing. Priced to bring immediate attention from serious, investment-minded buyers only. Call your agent (or your financial advisor) today for a private tour and complete investment package, including current lease documentation and payment history.

Last Listed By

Joshua Keen

Keller Williams Realty Metro Atlanta License #267264 Listed on: 06/04/2025

Keller Williams Realty Metro Atlanta

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,003

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,003

Year Built

Built in 1985

Lot Details

0

Parking

1

Listing Details

  • Standard Status: Active
  • Property Type: Residential
  • MLS Status: Active
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Property Condition: Resale
  • Year Built: 1985
  • Levels Stories: One
  • Above Grade Finished Sq Ft: 1264.00
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Vinyl, Carpet
  • Fireplace Features: Family Room
  • Number Of Fireplaces: 1
  • Appliances: Dishwasher, Electric Range, Refrigerator
  • Interior Amenities: High Ceilings 9 ft Main, High Speed Internet
  • Kitchen Features: Cabinets White, Laminate Counters
  • Common Walls: No Common Walls
  • Additional Rooms: Family Room
  • Dining Room Features: Open Concept
  • Square Footage: 1264.00
  • Spa Features: None
  • Window Features: None

Beds/Baths

  • Total Bedrooms: 3
  • Bedroom Features: Master on Main
  • Main Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Baths: 2
  • Main Full Bathrooms: 2
  • Master Bathroom Features: Tub/Shower Combo

Exterior Features

  • Construction Materials: Wood Siding
  • Roof Type: Composition
  • Fencing: Back Yard, Wood
  • Patio And Porch Features: Patio
  • View: Neighborhood
  • Pool Private: No
  • Foundation: None

Garage/Parking

  • Carport or Garage: 1
  • Number of Garage Spaces: 1
  • Number Of Parking Spaces: 1
  • Parking Features: Garage

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Security: Smoke Detector(s)
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Central
  • Laundry Features: Laundry Room
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Electric: 110 Volts

Condo/Co-op/Association

  • Community Features: Near Shopping, Near Schools, Near Public Transport
  • Subdivision Complex: Marbut Farms

Schools

  • Elementary School: Panola Way
  • Middle School: Lithonia
  • High School: Lithonia

Lot Info

  • Acres: 0.1000
  • Lot Features: Front Yard, Back Yard
  • Lot Dimensions: x
  • Parcel Number: 16 103 05 024
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 4003.00
  • Assessor Parcel Number: 16-103-05-024
  • Tax Year: 2023

MLS Schools

  • Elementary School: Panola Way
  • High School: Lithonia
  • Middle School: Lithonia

Map

Range of Values:

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Average Value
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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 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 $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
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2025 06/04/25 For Sale $225,000 +299.9% $178 / 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
Source: First Multiple Listing Service (FMLS)

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 --
Source: Public Records

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: Public Records

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Source: First Multiple Listing Service (FMLS)

MLS Number: 7551479

First Multiple Listing Service (FMLS)

APN: 16-103-05-024