Description
INVESTOR OPPORTUNITY WITH ESTABLISHED LONG-TERM TENANT IN PLACE! This updated 3-bedroom, 2.5-bath townhouse-style condo in Stone Mountain West offers investors the opportunity to step into an income-producing property with fewer of the typical upfront hassles of acquiring a rental. An excellent long-term tenant is already in place with a lease through September 2027 and is responsible for all utilities. For a new owner, that means immediate rental income without the initial downtime, turnover expenses, make-ready costs and uncertainty of finding and placing a new tenant. Don’t miss this excellent opportunity to grow or diversify your rental portfolio. The two-level floor plan features an updated kitchen and bathrooms, luxury vinyl plank flooring on the main level, generous living and dining spaces, and three bedrooms upstairs. The HOA recently replaced the roof, providing another important recent improvement. Association dues cover common-element maintenance including pest control, exterior painting, staining and cleaning, exterior window frames, and hallway-facing entry doors. Conveniently located near Downtown Stone Mountain shopping and dining, Stone Mountain Park, area schools, Highway 78 and I-285, with easy access throughout Metro Atlanta. Looking for the numbers? Contact the listing agent for current rental information, gross income, estimated NOI and additional investment details. TENANT OCCUPIED. SHOWINGS STRICTLY BY APPOINTMENT ONLY. Please respect the tenant’s privacy and DO NOT DISTURB.
Address
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Address: 1150 Rankin Street Unit 7f, Stone Mountain, Georgia 30083
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City: Stone Mountain
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State/county: GA
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Zip/Postal Code: 30083
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Area: STONE MOUNTAIN WEST
Details
Updated on September 17, 2026 at 5:04 pm-
Property ID 7839288
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Price $145,000
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Property Size 1380 m²
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Land Area 0.02 m²
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Bedrooms 3
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Bathrooms 3
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Year Built 1971
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Property Type Condominium, Residential
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Property Status Active, For Sale
Additional details
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Listing Terms 1031 Exchange, Cash, Conventional
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Association Fee 375
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Roof Asbestos Shingle, Composition
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Utilities Other
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Sewer Public Sewer
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Cooling Ceiling Fan(s), Central Air
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Heating Central
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Flooring Carpet, Luxury Vinyl
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County Dekalb - GA
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Property Type Residential
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Pool None
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Parking Parking Lot
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Elementary School Stone Mountain
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Middle School Stone Mountain
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High School Stone Mountain
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Community Features Near Public Transport, Near Schools, Near Shopping, Near Trails/Greenway, Other
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Waterfront None
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Architectural Style Townhouse
Mortgage Calculator
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Down Payment
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Loan Amount
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Monthly Mortgage Payment
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Property Tax
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Home Insurance
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PMI
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Monthly HOA Fees
- Jason Tatum