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Naveen Sharma

naveen@fourpointrealty.com +1(732) 429-0939

$110,000

Est. payment - /mo

958 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Stone Mill Village

MLS Listing ID 10781249

HOA Fees $5,046

HOA Y/N Yes

Year Built 1974

Annual Tax Amount $2,351

Tax Year 2021

Lot Size 958 Sqft

Acres 0.022

Lot Dimensions 958.32

Property Sub-Type Multi Family

Source Georgia MLS 2

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

Rooms

Bedroom Description No

Basement None

Interior

Heating Electric

Cooling Ceiling Fan(s), Central Air, Window Unit(s)

Fireplace No

Exterior

Parking Features Carport, Assigned, Detached

Garage Spaces 1.0

Community Features None

Utilities Available Other

View Y/N No

Total Parking Spaces 1

Private Pool No

Building

Faces From I-285, take Exit 41 for Memorial Drive East toward Stone Mountain. Continue on Memorial Drive for approximately 4 miles, then turn right onto North Hairston Road. Turn left onto Stone Mill Trace and continue into the community. Follow Stone Mill Trace to 1411 Stone Mill Trace. Unit will be on the left.

Foundation Slab

Sewer Public Sewer

Water Public

Structure Type Other

New Construction No

Schools

Elementary Schools Stone Mountain

Middle Schools Stone Mountain

High Schools Stone Mountain

Others

HOA Fee Include Insurance,Maintenance Structure,Maintenance Grounds,Trash,Water

Tax ID 18 137 05 032

Acceptable Financing 1031 Exchange, Cash

Listing Terms 1031 Exchange, Cash

Special Listing Condition Updated/Remodeled

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Naveen Sharma

+1(732) 429-0939

naveen@fourpointrealty.com

1411 Stone Mill TRCE Stone Mountain, GA 30083

Naveen Sharma

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1411 Stone Mill TRCE