Investor Opportunity! Vacant & 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
- Interior
- Other
- Cooling
- Central Air
- Heating
- Forced Air
- Cooling Features
- Central Air
- Bedrooms
- 2
- Bathrooms
- 1.5
- Full Baths
- 1
- Half Baths
- 1
- Lot Features
- Other
- Stories
- 2
- Lot Description
- Other
- Acres
- 0.022
- Square Feet
- 1152
- Parking Features
- Assigned, Carport
- Parking
- Assigned,Carport
- Parking Spaces
- 1
- Parking Type
- Carport
- Property Type
- Purchase
- Style
- A-frame
- Year Built
- 1974
- Roof
- Other
- Sewer Information
- Public Sewer
- Utility Source
- Public
- Utility Features
- Cable Available,Electricity Available,High Speed Internet,Natural Gas Available,Phone Available,Sewer Connected,Water Available
- Appliances
- Convection Oven,Dishwasher,Other,Refrigerator
- Subdivision
- Stone Mill Condominium Association
- Elementary School
- Stone Mountain
- Middle School
- Stone Mountain
- High School
- Stone Mountain
- County
- DeKalb
- Region
- Stone Mountain
- Original List Price
- $110,000
- Days on Market (Cumulative)
- 100
- Taxes Annual
- $2,746
- HOA
- 1
- HOA Fees
- 420
Location
Legal
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2023 GAMLS. All rights reserved.
Last Updated: Sep 12, 2026 10:32 AM. Source: GAMLS
Provided By
Listed by Fransau McDonald (#MCDONALDFRA), Phone: 4704457626, Email: propertylangauge@gmail.com
Listing Office: Keller Williams Rlty. Buckhead (#FPRL01)
