Investor Opportunity! Occupied and Ready for Immediate Income Production! This 2-bedroom, 1.5-bath condominium presents an excellent opportunity for investors seeking a value-add asset with strong rental potential. The functional floor plan offers spacious living and dining areas, a well-appointed kitchen, two generously sized bedrooms upstairs, and a private patio area ideal for tenant enjoyment. Currently vacant, this unit is projected to achieve close to $1,675 per month in market rent and offers flexibility for traditional leasing or placement of a housing voucher tenant. HOA dues include exterior maintenance, landscaping, and water/sewer, helping reduce ownership responsibilities and simplify management. 1413 Stone Mill Trace is also part of a rare 3-unit investment package that includes 1411 and 1421 Stone Mill Trace. Together, the portfolio generates approximately $5,000 in monthly rental income and nearly $60,000 annually in gross revenue, offering investors an opportunity to acquire a stabilized, income-producing portfolio with both immediate cash flow and upside potential. Rent roll, lease information, and financials are available upon request. Conveniently located near major highways, shopping, dining, public transportation, and employment centers. Whether purchased individually or as part of the portfolio package, this property offers an attractive opportunity for investors looking to build wealth through real estate.
Property Details
- Cooling
- Central Air
- Heating
- Forced Air
- Cooling Features
- Central Air
- View
- Other
- Lot Features
- Other
- Stories
- 2
- Lot Description
- Other
- Acres
- 0.0
- Lot Size (sqft)
- 0.0
- Parking Features
- Carport
- Parking Spaces
- 1
- Parking Type
- Carport
- Property Type
- Purchase
- Year Built
- 1974
- Roof
- Other
- Sewer Information
- Public Sewer
- Utility Source
- Public
- Utility Features
- Cable Available, Electricity Available, Natural Gas Available, Phone Available, Water Available
- Subdivision
- Stone Mill Condominium Association
- Community Features
- Homeowners Assoc
- Elementary School
- Stone Mountain
- Middle School
- Stone Mountain
- High School
- Stone Mountain
- County
- Dekalb - GA
- Region
- Stone Mountain
- Original List Price
- $110,000
- Taxes Annual
- $2,746
- MLS #
- 7835273
- Property Subtype
- Other
- Fence
- 1
- Parcel Number
- 18 137 05 031
- MLS #
- 7835273
- Property Condition
- Resale
- Date Listed
- August 26, 2026
- Address
- 1413 STONE MILL Trace
- Fence Description
- Back Yard, Fenced, Privacy
Location
Legal
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Last Updated: Sep 12, 2026 10:37 AM. Source: FMLS
Provided By
Listed by Fransau McDonald (#FRANSAU), 404-328-6034
Listing Office: Foundation Partners Realty, LLC (#FPSR01)
