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Key Details
Sold Price $271,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Subdivision Stone Mill Village
MLS Listing ID 7835270
Sold Date 09/30/26
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1974
Annual Tax Amount $2,351
Tax Year 2023
Lot Size 958 Sqft
Acres 0.022
Property Sub-Type Other
Source First Multiple Listing Service
Property Description
Investor Opportunity! Tenant-Occupied & Cash-Flowing Condo in Stone Mountain! This well-maintained 2-bedroom, 1.5-bath condominium is a turnkey investment property with an established Housing Choice Voucher tenant already in place. The current lease extends through February 2027, providing immediate and stable cash flow. The functional floor plan features spacious living and dining areas, a well-appointed kitchen, two generously sized bedrooms upstairs, and a private patio area. HOA dues include exterior maintenance, landscaping, and water/sewer, helping to simplify ownership and management. This property is Housing Voucher approved, and the voucher is transferable, making it an attractive option for investors seeking reliable income and long-term occupancy. 1411 Stone Mill Trace is also available as part of a rare 3-unit investment package that includes 1413 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 in one transaction. Rent roll and lease information are available upon request. Conveniently located near major highways, shopping, dining, public transportation, and employment centers. Showings by appointment only. Do not disturb tenant.
Location
State GA
County Dekalb
Area Stone Mill Village
Lake Name None
Interior
Heating Electric
Cooling Ceiling Fan(s), Central Air, Window Unit(s)
Window Features None
Exterior
Parking Features Carport, Detached
Fence None
Community Features Homeowners Assoc
Utilities Available Other
Waterfront Description None
View Y/N Yes
View Other
Roof Type Other
Accessibility None
Handicap Access None
Total Parking Spaces 1
Private Pool false
Building
Lot Description Other
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Other
Construction Status Updated/Remodeled
Schools
Elementary Schools Stone Mountain
Middle Schools Stone Mountain
High Schools Stone Mountain
Others
Senior Community no
Tax ID 18 137 05 032
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Bought with Non FMLS Member
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