New

1150 Rankin Street #F7

Stone Mountain, GA 30083
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Bed 3

Bed

Bath 2

Bath

SqFt1,380

Sqft

Acres0.02

Acre(Lot)

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 dinin g 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.

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Detail Ic Property Details

Property Type : Residential

Price : $145,000

AD Id : 91338613

MLS Id : 10848611

Beds : 3

Lot Size : 0.02 Acre

Living Area Size : 1,380 Sq. Ft

Tax Amount : $3,782

Year Built : 1971

County : DeKalb

Subdivision: Stone Mountain West

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total Bedrooms: 3 Bedrooms On Upper Level: 3 Bedrooms On Lower Level: 0 Main Bedrooms: 0 Room Type: Other Window Features: Insulated Windows

    Bathroom Information

    Total Baths: 2 Full Baths: 2 Half Baths: 1 Full Baths Main: 0 Baths Full Lower: 0 Baths Full Upper: 2

    Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Kitchen Information

    Kitchen: Breakfast Area,Solid Surface Counters Dining Room: Open Concept

    Interior Features

    Roommate Plan Flooring: Carpet,Laminate

    Appliances

    Dishwasher,Electric Water Heater,Oven/Range (Combo),Refrigerator

    Utilities

    Other
  • Cooling Features

    Ceiling Fan(s),Central Air

    Heating Source

    Central

    Fireplace

    Number of Fireplaces: 0

  • Building Information

    Built Year: 1971 Roof Type: Composition Basement: None Common Walls: 2+ Common Walls,No One Above Levels: Two Property Age: 55
  • Laundry Features

    In Hall

    Patio And Porch

    Patio

    Construction Materials

    Other

    Property Condition

    Updated/Remodeled

  • Lot Information

    Lot Size (Acr): 0.02 Lot Size Source: Public Records Lot Features: Level
  • Property Information

    Property Type: Residential Property Sub Type: Condominium Structure Type: Other Subdivision: Stone Mountain West City: Stone Mountain State: GA Directions: GPS Friendly Property Status: New

  • Listing Price Information

    Original List Price: $145,000

  • Tax Information

    Annual Tax: $3782 Tax Year: 2025
  • Home Warranty

    Home Warranty Paid: No

  • Parking Information

    Parking Features: Off Street
  • Homeowners Association Information

    Association: Yes Association Fee Includes: Maintenance Exterior,Maintenance Grounds Community Features: Walk To Public Transit,Walk To Schools,Walk To Shopping

  • School Information

    Elementary School: Stone Mountain High School: Stone Mountain Middle School: Stone Mountain Source Neighborhood: Stone Mountain West
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1151 Rankin Street #6B, Stone Mountain, GA, 30083 $114,900 2 2 -- 0.02 Acre
1151 Rankin Street #2A, Stone Mountain, GA, 30083 $85,000 2 1 1,200 0.02 Acre
1151 Rankin Street #6B, Stone Mountain, GA, 30083 $114,900 2 1 1,190 0.02 Acre
1151 Rankin Street #2A, Stone Mountain, GA, 30083 $85,000 2 2 1,200 0.02 Acre
1150 Rankin Street #M7, Stone Mountain, GA, 30083 $114,900 3 2 1,380 0.02 Acre
1150 Rankin Street #7F, Stone Mountain, GA, 30083 $145,000 3 3 -- 0.02 Acre
1150 Rankin Street #2K, Stone Mountain, GA, 30083 $148,000 3 3 -- 0.02 Acre
1403 Stone Mill Trace, Stone Mountain, GA, 30083 $105,000 3 2 -- 0.02 Acre
1403 Stone Mill Trace, Stone Mountain, GA, 30083 $105,000 3 3 -- 0.02 Acre
1413 Stone Mill Trace, Stone Mountain, GA, 30083 $110,000 2 1 1,152 0.02 Acre
MLS Logo

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Byowner are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2026 Georgia MLS. All rights reserved.

ByOwner last updated this listing 09/19/2026 @ 02:23

MLS: 10848611 LISTED BY: Angela Carpinella, Keller Williams Realty 404-419-3500 SOURCE: Georgia MLS

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