Aprile Osborne
aprileosbornebroker@chime.me2238 SCARBROUGH DR Stone Mountain, GA 30088
3 Beds
2.5 Baths
1,248 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 1,248 sqft
Price per Sqft $180
Subdivision Barry E Cowan
MLS Listing ID 7551466
Style Traditional
Bedrooms 3
Full Baths 2
Half Baths 1
Construction Status Resale
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1985
Annual Tax Amount $3,547
Tax Year 2023
Lot Size 8,712 Sqft
Acres 0.2
Property Sub-Type Single Family Residence
Property Description
What truly separates this opportunity from typical investment listings? Current occupancy with a qualified tenant already in place, generating $1,395 monthly. This represents the holy grail of residential investing: acquiring a performing asset without the typical startup costs and initial vacancy period that dramatically impact first-year returns. For investors focused on real-world performance rather than theoretical potential, this property delivers tangible results from day one. No construction delays, no contractor headaches, no marketing costs, and no tenant screening uncertainty. Just predictable monthly income beginning immediately after closing. The 3-bedroom, 2-bath split level configuration provides the ideal rental layout that consistently maintains tenant demand in any market condition and Stone Mountain's strategic location offers the precise balance of accessibility and affordability that drives superior investment returns. While providing easy commuting access to major employment centers, the property sits in a submarket where acquisition costs remain reasonable relative to rental rates, creating the favorable cash-on-cash returns that sophisticated investors prioritize.
The ranch-style construction offers additional advantages often overlooked in investment analysis. With no stairs, these properties typically experience reduced tenant turnover, lower maintenance costs, and fewer service calls. Unlike speculative investment opportunities requiring substantial post-acquisition capital, this property allows your investment dollars to work immediately toward wealth building rather than renovation costs. The existing lease provides operational predictability that simply cannot be matched by vacant "potential rental" properties regardless of condition.
For investors building long-term portfolios, this property offers the ideal combination: reliable current income with appreciation potential in an established neighborhood. Whether expanding an existing portfolio or acquiring your first investment property, 2238 Scarbrough Drive represents the operational simplicity and immediate performance that savvy investors seek. Calculate your returns using actual numbers, not projections. Analyze the verified rental payment history and current property condition. Then make your decision promptly. Properties offering immediate income with documented performance history rarely remain available long in today's yield-seeking market. Priced to attract immediate interest from serious, investment-minded buyers only. Call your agent (or your financial advisor) today for a complete investment package including current lease documentation and payment history.
Location
State GA
County Dekalb
Lake Name None
Rooms
Bedroom Description Other
Other Rooms None
Basement None
Dining Room Open Concept
Interior
Interior Features High Ceilings 9 ft Main, High Speed Internet
Heating Central
Cooling Central Air, Ceiling Fan(s)
Flooring Carpet, Ceramic Tile, Vinyl
Fireplaces Number 1
Fireplaces Type Family Room
Window Features None
Appliance Dishwasher, Electric Range, Refrigerator
Laundry Other
Exterior
Exterior Feature Rain Gutters
Parking Features Garage, Garage Faces Front
Garage Spaces 2.0
Fence None
Pool None
Community Features Near Shopping, Near Schools, Near Public Transport
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Underground Utilities
Waterfront Description None
View Neighborhood
Roof Type Composition
Street Surface Asphalt
Accessibility None
Handicap Access None
Porch Deck
Total Parking Spaces 2
Private Pool false
Building
Lot Description Back Yard, Front Yard
Story Multi/Split
Foundation None
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories Multi/Split
Structure Type Vinyl Siding
New Construction No
Construction Status Resale
Schools
Elementary Schools Panola Way
Middle Schools Miller Grove
High Schools Miller Grove
Others
Senior Community no
Restrictions false
Tax ID 16 039 04 041
Special Listing Condition None
