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Active75 days listed

1995 Northerly Way, Stone Mountain, GA 30088

  • 4bd
  • 3ba
  • 1,272SF
  • 0.19ac lot

Single-family homeScarbrough Square

List price

$249,000

$196/SF list

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FMLS IDXFMLS #7820828 · Listing Provided By EXP Realty, LLC. · 888-959-9461 · Listing agent Saad Aly

Location

1995 Northerly Way, Stone Mountain GA 30088

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About this home

**REMOLDED & INCOME-PRODUCING INVESTMENT OPPORTUNITY!** Welcome to this beautifully remodeled 4-bedroom, 3-bathroom single-family home in a quiet and desirable Stone Mountain-area neighborhood. Featuring updated finishes throughout, this property offers the perfect combination of modern living and strong investment potential. The home has been thoughtfully renovated with updated flooring, kitchen countertops, bathroom amenities, recessed lighting, and fresh interior and exterior paint. The spacious layout provides plenty of room for comfortable living, while the private backyard offers additional space for entertaining, recreation, or relaxation. For investors, this property is currently tenant occupied through the end of the year and is generating approximately a **7% ROI**, providing immediate rental income with an existing tenant in place. This presents an excellent opportunity for an investor seeking a turnkey rental property with established income. For owner-occupants, the home offers a move-in-ready property in a peaceful residential setting with convenient access to Stone Mountain, shopping, dining, parks, schools, and major roadways. **Property Highlights:** * 4 Bedrooms * 3 Bathrooms * Recently remodeled * Updated kitchen and bathrooms * New flooring * Recessed lighting * Fresh interior & exterior paint * Spacious backyard * Quiet residential neighborhood * Tenant occupied through year-end * Approximately 7% current ROI **IMPORTANT SHOWING INFORMATION:** Please **DO NOT DISTURB THE TENANT**. The property is currently occupied, and all showings must be coordinated and approved in advance. The property may be viewed during the **due diligence period**, subject to proper notice and scheduling with the tenant. Please respect the tenant's privacy and do not approach the property without an approved appointment. Whether you're looking for your next investment property or a beautifully updated home with future flexibility, this property is worth a closer look. **Schedule your showing today!**

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
Single-family home
Status
Active
Bedrooms
4
Full baths
3
Living area
1,272 SF
Lot size
0.19 acres
Year built
1981
Levels
One
Main-level bedrooms
4
Parking
Driveway
Style
Ranch
Construction
HardiPlank Type
Roof
Shingle
Flooring
Luxury Vinyl
Heating
Central
Cooling
Central Air
Appliances
Dishwasher, Disposal, Electric Cooktop, Gas Oven, Gas Water Heater, Refrigerator
Lot
Back Yard
Community
Other
HOA
$30 monthly
Annual tax
$4,218 (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 $249,000 and this week's average rate. Change anything to see your number.

Loan type
Estimated monthly payment

$2,139/mo

Principal and interest
$1,539
Property tax
$352
Home insurance
$125
Mortgage insurance
$93
HOA dues
$30
Loan amount
$224,100
Cash down
$24,900

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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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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