1150 Rankin Street #F7, Stone Mountain, GA 30083
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For Sale

1150 Rankin Street #F7

Stone Mountain, GA 30083

Offered at$135,000 was $145,000

About the home.

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 WILL BE AVAILABLE WITH AN ACCEPTED OFFER DURING DUE DILIGENCE. Please respect the tenant's privacy and DO NOT DISTURB.

Listing courtesy of Keller Williams Realty PeachtreeRoad.

Details

Price per sq ft$98
HOANone listed
Property taxes$3,782/yr
SewerPublic sewer
  • Style Condominium
  • Heating Central
  • Air conditioning Yes
  • Roof Shingles
  • Floors Carpet, Laminate
  • Water / sewer Public water · Public Sewer
  • Outdoor Patio
  • Appliances Refrigerator, range, oven, dishwasher, electric water heater
  • Neighborhood Stone Mountain West
  • County DeKalb County
  • Taxes $3,782 (2025)
  • Listed Sep 18, 2026 · 35 days on market
  • Georgia MLS # 10848611

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    Stephen Molloy

    Your Georgia Move agent

    Stephen Molloy REALTOR® · Georgia Move Realty 706.995.7282 stephen@georgiamove.com

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    Listing courtesy of Keller Williams Realty PeachtreeRoad. Listing information from Georgia MLS, updated Oct 5, 2026. Information deemed reliable but not guaranteed; buyers and buyer's agents should verify all details. © 2026 Georgia Multiple Listing Service, Inc. All rights reserved. Equal Housing Opportunity.