Unlock significant investment potential with this charming ranch-style home located at 5374 Cherry Wood Drive in Stone Mountain. Priced at an attractive $104,999 Cash or conventional only , this property offers an exceptional opportunity for real estate investors seeking a strong return. Boasting a desirable double master bedroom layout this residence is designed for comfortable living and easy maintenance, appealing to a wide range of prospective tenants or future homeowners.The classic brick front exterior provides excellent curb appeal, while the quiet neighborhood ensures a peaceful environment. Built in 1986, this single-level home eliminates the concerns of stairs, enhancing accessibility and broad appeal. A major advantage for investors is NO Homeowners Association (HOA), which translates to lower holding costs and greater flexibility in property management. With an estimated After Repair Value (ARV) of $200,000, this property presents a clear path to substantial equity growth.This affordable investment is strategically located in Stone Mountain, a community offering convenience and a steady rental market. The practical layout, combined with the low-maintenance features and NO HOA fees, makes this an ideal asset for your portfolio. Seize the opportunity to transform this solid foundation into a lucrative investment. This property is ready for its next chapter, promising both immediate value and long-term appreciation for the savvy investor.
Property Details
- Interior
- Other
- Heating
- Central
- Bedrooms
- 2
- Bathrooms
- 2.0
- Full Baths
- 2
- View
- Other
- Lot Features
- Back Yard
- Stories
- 1
- Lot Description
- Back Yard
- Acres
- 0.08
- Square Feet
- 1097
- Lot Size (sqft)
- 110 x 30
- Parking Features
- Driveway
- Parking Type
- Driveway
- Property Type
- Purchase
- Style
- Ranch
- Year Built
- 1986
- Roof
- Composition
- Sewer Information
- Public Sewer
- Utility Source
- Public
- Utility Features
- Other
- Appliances
- Other
- Subdivision
- Ridge Forest Ph 02b
- Elementary School
- Stone Mountain
- Middle School
- Stone Mountain
- High School
- Stone Mountain
- County
- Dekalb - GA
- Region
- Stone Mountain
- Original List Price
- $104,999
- Taxes Annual
- $4,980
- Ownership
- Fee Simple
- MLS #
- 7765713
Location
Legal
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Provided By
Listed by Jeffrey Ducreay (#JDUCREAY)
Listing Office: EXP Realty, LLC. (#EXPR01)
