Property Location

883 Mountain View Drive, Stone Mountain GA 30083

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List Price $385,000
Units 1
Price / Unit $385,000
Est. Year 1 Cash Flow $-15,526 after debt service
883 Mountain View Drive Stone Mountain, GA 30083
FMLS IDX Data last updated: August 2, 2026 at 9:46 PM EST
ACTIVE
Property Description
NEW CONSTRUCTION DEVELOPMENT OPPORTUNITY! This 2.71 Acres lot has been Approved for 9 Homes. Capitalize on one of Stone Mountain's most attractive development opportunities. This 2.71-acre site, comprising 875 & 883 Mountain View Drive, is located in the rapidly transforming Stone Mountain Terrace neighborhood and is approved for a nine-home community. With rezoning already completed from R-75 to R-60 and a Land Disturbance Permit already issued, a significant amount of time, cost, and pre-development work has already been completed. With development hurdles already complete, it allows you to accelerate construction and get homes to market faster. This offering includes a comprehensive development package featuring a full survey, recorded sewer easements, and three thoughtfully designed architectural floor plans, giving builders a true head start from acquisition to construction. With entitled, buildable land becoming increasingly scarce in the area, this is a rare opportunity to acquire a project where much of the pre-development work has already been completed. Bring your team, break ground faster, and deliver a premier residential community in one of Metro Atlanta's growing submarkets. Demand for new construction remains strong, with comparable homes within a two-mile radius consistently selling between $425,000 and $500,000. Future homeowners will enjoy the perfect balance of privacy and convenience, just minutes from Stone Mountain Village, Stone Mountain Park, and major retailers including Publix, Walmart, and The Home Depot. Nearby elementary and middle schools further enhance the community's appeal. Costco is also coming soon to Stone Mountain.
Investment Notes — Stone Mountain
  • Located in the Stone Mountain, GA area
  • Value-add opportunities typically exist through management, renovations, or operational improvements
  • Rental demand and achievable rents vary significantly by submarket — local market verification is recommended
  • Actual cash flow depends on occupancy, expenses, financing, and current market conditions
Professional Investment Analysis

Modeled from FMLS data + Atlanta metro baselines where listing data is incomplete

Price per Unit $385,000 Verified
Est. Year 1 Cash Flow $-15,526 after debt service (25% down / 7% / 30-yr) Modeled
Confidence scores included Latest FMLS data Transparent modeling
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Jeff’s Investment Take

Insufficient data for a modeled recommendation. Contact for the rent roll and actuals.

Important Investment Disclaimer
Important Investment Information

Actual MLS Cap Rate is used when present. Gross Income uses rent roll or MLS Gross Income when available, otherwise modeled. Operating expenses use an all-in ratio by property size. Cash-on-cash assumes 25% down, 7% interest, 30-year amortization. All figures are for screening only — verify with current rent roll and expenses.

Some figures shown on this page are estimated because complete rent-roll or operating data was not provided in the listing. Estimated values are clearly marked.

Any estimated or modeled figures represent the independent analysis of Jeff Crowe / Century 21 The Avenues and are not supplied by FMLS or the listing broker.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.

MLS ID: 7812473 · Listing courtesy of EXP Realty, LLC., Sarah Kahler · 888-959-9461

IDX Information Provided by Jeff Crowe · jeffcrowe@c21theavenues.com
FMLS · Updated Daily