$145,000

1150 Rankin Street F7, Stone Mountain, GA 30083

3 beds |
3 baths |
1,380 sqft

Condominium
Built in 1971
871sqft lot
—— car garage
$105/sqft
Listed 8 days ago

Property 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.

Listing Status:: Active
Date Added:: September 18, 2026
Data Last Updated:: September 26, 2026 at 7:06AM
Listing Office:: Keller Williams Realty PeachtreeRoad : 404-419-3500
Listing Agent:: Angela Carpinella : 404-229-8528
MLS ID:: 10848611

General: Roommate Plan
Appliances: DishwasherElectric Water HeaterRangeRefrigerator
Laundry: In Hall
Basement: None
Flooring: CarpetLaminate
A/C: Ceiling Fan(s)Central Air
Heating: Central
Fireplace: Fireplaces: 0

Style: Other
Parking: Off Street

Roofing: Composition
General: OtherTwo

HOA Amenities: Maintenance StructureMaintenance Grounds
Originating MLS: Georgia MLS 2
County: DeKalb

Zoning: 18 126 18 058

Utilities: Other
Water: Public
Sewer: Public Sewer

Source: Georgia MLS 2

This listing courtesy of Angela Carpinella , Keller Williams Realty PeachtreeRoad

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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