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Listing Provided By Angela Carpinella with Keller Williams Realty Peachtree Rd., 404-419-3500

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Photo 1 of 25, Stone Mountain, GA 30083

1150 Rankin Street Unit 7F

Stone Mountain, GA 30083

$135,000

Beds
3
Baths
2 full, 1 half
Sq ft
1,380
Price per sq ft
$98
Year built
1971
Lot
0.02 acres

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.

Listed
Sep 17, 2026
Updated
Nov 6, 2026, 11:41 PM ET
Property type
Residential, Condominium
Subdivision
Stone Mountain West
FMLS #
7839288
County
Dekalb - GA

Interior

Interior features
Other
Appliances
Dishwasher, Electric Range, Refrigerator
Flooring
Carpet, Luxury Vinyl
Fireplaces
0
Fireplace features
None
Basement
None
Cooling
Ceiling Fan(s), Central Air
Heating
Central
Laundry
In Hall
Kitchen
Cabinets White, Eat-in Kitchen, Stone Counters
Primary bathroom
Other
Levels
Two
Main-level bedrooms
0
Main-level bathrooms
0
Accessibility features
None
Windows
None

Exterior

Exterior features
Other
Patio and porch
Patio
Construction materials
Other
Roof
Asbestos Shingle, Composition
Fencing
None
Pool features
None
Private pool
No
Spa
None
View
Neighborhood
Waterfront
None
Foundation
None

Lot & parking

Lot size (acres)
0.02
Lot dimensions
x
Lot features
Level
Parking
Parking Lot
Total parking spaces
2

Utilities

Sewer
Public Sewer
Water source
Public
Utilities
Other
Electric
Other
Energy efficiency
None

HOA & taxes

Association
Yes
Association fee
375
Association fee frequency
Monthly
Association fee includes
Maintenance Grounds, Maintenance Structure
Annual tax amount
3782
Tax year
2025

Schools & community

Elementary school
Stone Mountain
Middle school
Stone Mountain
High school
Stone Mountain
Subdivision
Stone Mountain West
County
Dekalb - GA
Community features
Near Public Transport, Near Schools, Near Shopping, Near Trails/Greenway, Other

Construction

Architectural style
Townhouse
Year built
1971
Property subtype
Condominium
Condition
Resale
Building area (total)
1380

Location

Payment estimate

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All photos (25)

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License #H-81887

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Office: (470) 383-3020

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Listing data last updated Nov 6, 2026, 11:41 PM ET