2238 SCARBROUGH DR, Stone Mountain, GA 30088, For Sale

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status New

Purchase Type For Sale

Square Footage 1,248 sqft

Price per Sqft $180

Subdivision Barry E Cowan

MLS Listing ID 10515372

Style Traditional

Bedrooms 3

Full Baths 2

Half Baths 1

Year Built 1985

Annual Tax Amount $3,547

Tax Year 2023

Lot Size 8,712 Sqft

Property Sub-Type Single Family Residence

Property Description

Go ask your agent if this is true: Do some investment properties deliver immediate positive cash flow from the day of closing? The answer here is "YES." While most investors spend months renovating and marketing rental properties before seeing their first dollar of return, 2238 Scarbrough Drive offers what sophisticated portfolio builders value most: immediate, verifiable income. What truly separates this opportunity from typical investment listings? Current occupancy with a qualified tenant already in place, generating $1,395 monthly. This represents the holy grail of residential investing: acquiring a performing asset without the typical startup costs and initial vacancy period that dramatically impact first-year returns. For investors focused on real-world performance rather than theoretical potential, this property delivers tangible results from day one. No construction delays, no contractor headaches, no marketing costs, and no tenant screening uncertainty. Just predictable monthly income beginning immediately after closing. The 3-bedroom, 2-bath split level configuration provides the ideal rental layout that consistently maintains tenant demand in any market condition and Stone Mountain's strategic location offers the precise balance of accessibility and affordability that drives superior investment returns. While providing easy commuting access to major employment centers, the property sits in a submarket where acquisition costs remain reasonable relative to rental rates, creating the favorable cash-on-cash returns that sophisticated investors prioritize. Unlike speculative investment opportunities requiring substantial post-acquisition capital, this property allows your investment dollars to work immediately toward wealth building rather than renovation costs. The existing lease provides operational predictability that simply cannot be matched by vacant "potential rental" properties regardless of condition. For investors building long-term portfolios, this property offers the ideal combination: reliable current income with appreciation potential in an established neighborhood. Whether expanding an existing portfolio or acquiring your first investment property, 2238 Scarbrough Drive represents the operational simplicity and immediate performance that savvy investors seek. Calculate your returns using actual numbers, not projections. Analyze the verified rental payment history and current property condition. Then make your decision promptly. Properties offering immediate income with documented performance history rarely remain available long in today's yield-seeking market. Priced to attract immediate interest from serious, investment-minded buyers only. Call your agent (or your financial advisor) today for a complete investment package including current lease documentation and payment history.

Location

State GA

County Dekalb

Interior

Heating Central

Cooling Central Air,Ceiling Fan(s)

Flooring Carpet,Vinyl,Tile

Fireplaces Number 1

Laundry Other

Exterior

Parking Features Garage

Garage Spaces 2.0

Community Features Walk To Schools,Near Public Transport

Utilities Available Cable Available,Electricity Available,High Speed Internet,Natural Gas Available,Sewer Connected,Phone Available,Water Available

View Y/N No

Roof Type Composition

Building

Lot Description Other

Sewer Public Sewer

Water Public

Structure Type Vinyl Siding

New Construction No

Schools

Elementary Schools Panola Way

Middle Schools Miller Grove

High Schools Miller Grove

Others

Special Listing Condition Resale