About This Home

This 3-bedroom, 3-bathroom condo at 1150 Rankin Street #F7 in Stone Mountain, GA is listed for $135,000 ($98 per sqft). Built in 1971, the home offers 1,380 sqft of living space on a 0.02 acres lot.

Key Features

  • Built in 1971
  • 0.02 acre lot
  • 2 stories

Property Details

2 stories
2 full, 1 half
#F7
1971

Amenities

A/C
Listing Description

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.

Monthly Cost Estimate

$722/mo

20% down · 6.5% · 30 years

Principal$98
Interest$585
Insurance$39

Estimates only. Actual payments may vary.

Location

1150 Rankin Street #F7

Stone Mountain, GA 30083

Stone Mountain West

Features & Amenities

Interior Features

Roommate Plan

Property Details

Flooring

LaminateCarpet

Outdoor Features

Patio

Parking

Off Street

Heating

Central

Cooling

Ceiling Fan(s)Central Air

Appliances

DishwasherElectric Water HeaterRangeRefrigerator

Questions & Answers

This 3-bedroom, 3-bathroom condo at 1150 Rankin Street is listed at $135,000 ($98/sqft). The estimated monthly payment is $722 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1971, 0.02 acre lot, 2 stories. Interior Features: Roommate Plan.

This property is listed by Angela Carpinella.

AC

Angela Carpinella

Agent at Keller Williams Realty Peachtree Road

Listed by Keller Williams Realty Peachtree Road · Broker phone: (404) 419-3503 · View on Broker Site · Broker website

MLS# 10848611· Source: Georgia Multiple Listing Service· 43 days on PropertySimple

Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1150 Rankin Street #F7, Stone Mountain, GA 30083

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