This tenant-occupied, cash-flowing condo is priced well below market value, making it an ideal addition to any growing portfolio. Nestled in a quiet, well-maintained community, this 2-bedroom, 1.5-bath home offers immediate rental income with all major systems and components replaced within the last year, providing peace of mind and reduced maintenance concerns for years to come. The layout features a comfortable living area, functional kitchen, and generously sized bedrooms-all supported by updated mechanicals that boost efficiency and tenant satisfaction. With reliable long-term occupants already in place, this property delivers a turnkey investment experience in a high-demand rental corridor. Just minutes from Stone Mountain Park, local shopping, schools, and major commuter routes, this location continues to attract strong rental interest. Don't miss this rare chance to secure an investor-friendly property with updated systems, stable tenancy, and exceptional value. Opportunities like this in Stone Mountain go fast!
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 1.5
- Full Bathrooms: 1
- 1/2 Bathrooms: 1
Appliances
- Dishwasher
- Range
- Refrigerator
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Central
- Heating: Yes
Interior Features
Exterior and Lot Features
Land Info
- Land Lease: No
- Lot Size Acres: 0.02
- Lot Size Source: Public Records
- Lot Size Square Feet: 871
Garage and Parking
- Parking Features: Carport
Homeowners Association
- Association: Yes
- Association Fee: 300
- Association Fee Frequency: Annually
- Association Fee Includes: Maintenance Structure, Water, Maintenance Grounds
- Calculated Total Monthly Association Fees: 25
School Information
- Elementary School: Stone Mountain
- High School: Stone Mountain
- Middle School: Stone Mountain
Other Property Info
- Annual Tax Amount: 1835
- Source Listing Status: Active
- County: DeKalb
- Directions: From I-285, take Exit 39B onto US-78 East toward Stone Mountain. Continue approximately 4 miles and take the exit for East Park Place Blvd. Turn right onto East Park Place Blvd, then continue as it becomes Rockbridge Road. Turn right onto S. Stone Mountain Lithonia Road, then make a left onto Stone Mill Way. Turn right into the Stone Mill Trace community. Follow the road to 1427 Stone Mill Trace, located on the left.
- Tax Year: 2023
- Source Property Type: Residential
- Home Warranty: Yes
- Property Subtype: condo
- Source Neighborhood: Stone Mill Village
- Parcel Number: 18 137 05 024
- Subdivision: Stone Mill Village
- Property Subtype: Condominium
Building and Construction
- Total Square Feet Living: 1264
- Year Built: 1974
- Above Grade Finished Area: 1264
- Above Grade Finished Area Units: Square Feet
- Below Grade Sqft Area Units: Square Feet
- Building Area Total: 1264
- Building Area Units: Square Feet
- Common Walls: 1 Common Wall
- Levels: Two
- Living Area Source: Public Records
- Living Area Units: Square Feet
- Property Age: 51
- Property Attached: Yes
- Property Condition: Resale
- Levels or Stories: Two
- Total Above Grade Sqft Area: 1264
- Year Built Details: Resale
- Architectural Style: A-Frame
Utilities
- Electric On Property: Yes
- Sewer: Public Sewer
- Cable Available
- Electricity Available
- Sewer Connected
- Phone Available
- Water Available
- Water Source: Public
