1421 Stone Mill TRCE, Stone Mountain, GA 30083
Stone Mill · DeKalb County
Key Facts
Description
Here's a more investor-focused version that emphasizes the existing cash flow and package opportunity: Cash-Flowing Investment Opportunity! Attention investors! This tenant-occupied condo offers immediate income and is an excellent addition to any rental portfolio. Featuring a roommate-friendly floor plan with 2 spacious bedrooms and 1 full bathroom upstairs, this property is designed for strong rental appeal and long-term occupancy. The primary suite includes a walk-in closet and French doors opening to a charming Juliet balcony. Enjoy private fenced patios in both the front and rear of the unit, along with an attached exterior storage building and an assigned carport with an additional storage closet. Additional guest parking is available throughout the community. Recent improvements include newer carpet, Pergo hardwood flooring, tile in wet areas, exterior paint, and a well-maintained HVAC system that was replaced approximately seven years ago. The community is professionally managed and located within the City of Tucker, offering convenient access to Stone Mountain Park, Downtown Tucker, Stone Mountain Village, I-285, and major employment centers throughout Metro Atlanta. This property is already tenant occupied and producing income, making it a true turnkey investment opportunity. Even better, it may be purchased individually or as part of a three-unit investment package that includes 1409 and 1411 Stone Mill Trace. Two of the three units are currently occupied and generating cash flow, creating an attractive opportunity for investors seeking immediate returns and portfolio growth. No rental restrictions. Rent roll and financial information available upon request.
Property Information
Property Type
Residential Income
Year Built
1974
Lot Size
0.02 acres
Garage Spaces
2
Parking Spaces
2
Days on Market
14
MLS® Listing#
10778469
Property Features
Cooling
Heating
Basement
Parking
Construction
Foundation
Community
Utilities
Sewer
Water Source
Schools
- Elementary:
- Stone Mountain
- Middle:
- Stone Mountain
- High:
- Stone Mountain
Financial Details
HOA
$385 / Annually
Annual Taxes
$2,746
Tax year 2025
Parcel Number
18 137 05 019
Directions
From I-285, take Exit 39B for US-78 East toward Stone Mountain. Continue approximately 4 miles and take the exit for Mountain Industrial Boulevard. Turn right onto Mountain Industrial Boulevard and travel approximately 1 mile. Turn right onto Stone Mill Way, then continue onto Stone Mill Trace. Follow Stone Mill Trace to 1421 Stone Mill Trace. Property will be located within the Stone Mill community.
Affordability Calculator
$22,000
Estimated monthly payment
$585/mo
Principal $88,000 · Est. interest $122,768 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Stone Mountain, GA
- $310,092
- Median Listing Price
- 61
- Median Days on Market
- 1,929
- Median Sq Ft
- $151
- Median Price / Sq Ft
- 762
- Active Listings
- This home’s price is 65% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Stone Mountain, GA.
Location
Points of Interest in Stone Mountain, GA
Showing the Stone Mountain area map.
Nearby Schools
Stone Mountain Elementary School
Elementary · 0.8 mi away
Stone Mill Elementary School
Elementary · 0.9 mi away
A Brighter Day Early Learning Academy
School · 1.1 mi away
Elizabeth Andrews High School
Secondary · 1.2 mi away
Dekalb County School District
School · 1.2 mi away
Smoke Rise Baptist Weekday School
School · 1.2 mi away
Dekalb Academy
Elementary · 1.2 mi away
The Champion School
Secondary · 1.3 mi away
Smoke Rise Elementary School
Elementary · 1.4 mi away
Stone Mountain High School
Secondary · 1.7 mi away
Hambrick Elementary School
Elementary · 1.8 mi away
Stone Mountain Middle School
Secondary · 2.1 mi away
Dekalb County School System
School · 2.1 mi away
Dekalb Alternative School
Secondary · 2.1 mi away
East Dekalb Special Education Center
School · 2.1 mi away
East Dekalb Campus
School · 2.1 mi away
Smoke Rise Elementary
Elementary · 2.1 mi away
Idlewood Elementary School
Elementary · 2.6 mi away
Rockbridge Elementary School
Elementary · 2.7 mi away
Tucker Middle School
Elementary · 2.7 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 413 HIGHLAND PARK LOOP, PINE MOUNTAIN, GA | $79,000 | — | — | — |
| 771/761 Mountainbrooke CIR, Stone Mountain, GA | $80,000 | — | — | — |
| LOT 3 Salem RD, Pine Mountain, GA | $81,148 | — | — | — |
| LOT 1 Salem RD, Pine Mountain, GA | $83,216 | — | — | — |
| 518 W Harris ST, Pine Mountain, GA | $85,000 | — | — | — |
| LOT 2 Pounds DR, Stone Mountain, GA | $85,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in Stone Mountain
Listing Courtesy: Foundation Partners Realty LLC - propertylanguage@gmail.com