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Active40 days listed

1150 Rankin Street Unit 7F, Stone Mountain, GA 30083

  • 3bd
  • 3ba
  • 1,380SF
  • 0.02ac lot

CondoStone Mountain West

List price

$135,000

$98/SF list

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FMLS IDXFMLS #7839288 · Listing Provided By Keller Williams Realty Peachtree Rd. · 404-419-3500 · Listing agent Angela Carpinella

Location

1150 Rankin Street Unit 7F, Stone Mountain GA 30083

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About this 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 ACCEPTED OFFER DURING DUE DILIGENCE. Please respect the tenant's privacy and DO NOT DISTURB.

How this list price compares in Stone Mountain

Figures are list prices from current FMLS IDX inventory (Active, Active Under Contract and Pending), not sales prices or appraisals.

Home facts

Property type
Condo
Status
Active
Bedrooms
3
Full baths
2
Half baths
1
Living area
1,380 SF
Lot size
0.02 acres
Year built
1971
Levels
Two
Main-level bedrooms
0
Parking
Parking Lot
Style
Townhouse
Construction
Other
Roof
Asbestos Shingle, Composition
Flooring
Carpet, Luxury Vinyl
Heating
Central
Cooling
Ceiling Fan(s), Central Air
Appliances
Dishwasher, Electric Range, Refrigerator
Lot
Level
Community
Near Public Transport, Near Schools, Near Shopping, Near Trails/Greenway, Other
HOA
$375 monthly
Annual tax
$3,782 (2025)
County
DeKalb

Assigned schools

As reported in the listing. Verify with the school district.

Payment estimate

Estimate the monthly payment

Prefilled with the list price of $135,000 and this week's average rate. Change anything to see your number.

Loan type
Estimated monthly payment

$1,700/mo

Principal and interest
$835
Property tax
$315
Home insurance
$125
Mortgage insurance
$51
HOA dues
$375
Loan amount
$121,500
Cash down
$13,500

This is an estimate only. Not a lender, not a loan offer and not a rate quote. Rates: Freddie Mac PMMS weekly average for 2026-10-22: 30-yr 7.32%, 15-yr 6.68%. Tax uses the annual tax amount in the listing; insurance assumes $1,500 a year. Conventional adds 0.5% a year mortgage insurance under 20% down; FHA uses 3.5% minimum down, a 1.75% upfront premium financed and 0.55% a year MIP; VA adds a 2.15% funding fee financed under 5% down and no monthly MI. Talk to a licensed lender for a real quote.

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Questions about this home

How do I schedule a showing of this home?

Use the "Ask about this home" form on this page and include the days and times that work for you. Jeff Crowe will follow up to set up a showing.

How do I get more information about this listing?

Send your question through the form on this page. Listing details come from FMLS and are provided by Keller Williams Realty Peachtree Rd., so confirm them before making an offer.

Is this home still available?

This page shows the status reported in FMLS (Active) as of the last update. Status can change quickly, so ask through the form to confirm before you tour.

How is the monthly payment estimate calculated?

It uses the list price, an average mortgage rate, the tax amount in the listing (or an estimated tax rate when none is given), estimated insurance and any HOA dues in the listing. It is an estimate only, not a loan offer. Talk to a licensed lender for a real quote.

Where can I see similar homes for sale in Stone Mountain?

See the similar homes section on this page, or browse all homes for sale in Stone Mountain, GA.

Beyond homes

Also exploring Georgia investment real estate?

Jeff Crowe is a local, full-service agent with CENTURY 21 The Avenues who also works with buyers and sellers of apartment buildings, churches, commercial property and land across Georgia. The pages below are other property types and investor research, separate from this home listing.

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