Additional Details

• Important Details: --> Vacant at close --> HOA is $17/ Mo (205 annually) (Covers common areas and amenities)
• Features: Under 130K in Stone Mountain, GA — 2/2.5 townhome offering 1,370 SQFT built in 1986 with an attached two-car garage. This property will be delivered vacant at close and is ideally located with easy access to I-20 and downtown Atlanta. With rental comps in the $1,550–$1,650/month range and a low HOA of just $205 annually, this presents a strong cash-flow opportunity at an attractive entry point, whether for a rental hold or light value-add play.
• Potential ARV: $215,000-$225,000
• Rehab Description: For a rental or to maximize on resale value, it is recommended to split the large room into two bedrooms to convert the layout into a 3/2.5, adding immediate value and increasing rental or resale potential. Modernize the interior by updating the flooring, replacing the kitchen, toilets, vanities, and fixtures, along with fresh interior and exterior paint. The roof currently has no leaks but is older and may need to be replaced due to age, while the AC is newer and in good working condition.
• Comparable Rent: $1550-$1650/MO
• Ideal Investment Strategy: Resale/Rental
• Construction: FR
• Comp 1: 1497 Stoneleigh Cir, Stone Mountain, GA 30088 3/2 1681 SQFT 1984 Build PENDING @ $199,900 (Slightly bigger/dated)
• Comp 2: 1521 Dillard Rd, Stone Mountain, GA 30088 3/2 1414 SQFT 1989 Build SOLD @ $219,999 9/25/25 (Updated)
• Comp 3: 1491 Stoneleigh Way, Stone Mountain, GA 30088 2/2 1386 SQFT 1982 Build SOLD @ $185,000 4/17/25 (Dated)
• Comp 4: 5526 Stoneleigh Ct, Stone Mountain, GA 30088 3/2 1600 SQFT 1981 Build SOLD @ $225,000 7/1/25 (Updated)
• Comp 5: 1522 Burnstone Dr, Stone Mountain, GA 30088 3/2 1334 SQFT 1987 Build SOLD @ $247,097 4/29/25 (Updated)
• Hard Money: Pre-Approved by OPS Loans for up to 75% LTV – See OPS Loans Hard Money