5381 Ridgemere CT Active Save Request In-Person Tour Request Virtual Tour
Stone Mountain,GA 30083
Key Details
Property Type Multi-Family
Sub Type Multi Family,Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Ridgemere
MLS Listing ID 10587331
HOA Y/N No
Year Built 1986
Annual Tax Amount $5,953
Tax Year 2024
Lot Size 9,147 Sqft
Acres 0.21
Lot Dimensions 9147.6
Property Sub-Type Multi Family,Duplex
Source Georgia MLS 2
Property Description
Excellent income-producing duplex in Stone Mountain! Each side offers 2 bedrooms and 2 full bathrooms, creating a functional layout that appeals to a wide range of tenants. Currently generating $3,000-$4,000 in monthly net income through a co-living model, this property is fully furnished, professionally managed, and offers immediate cash flow. With residents in place and management available to seamlessly transfer to the new owner, this is a truly turnkey investment opportunity. Additional square footage provides the potential to create space for another resident, further increasing future returns. Conveniently located near I-285, Hwy 78, and Stone Mountain Park, the property combines high return and reliable cash flow with long-term growth potential...an ideal addition to any investor's portfolio.
Location
State GA
County Dekalb
Rooms
Basement None
Interior
Heating Central
Cooling Central Air
Fireplaces Number 2
Fireplace Yes
Exterior
Parking Features Off Street
Garage Spaces 4.0
Community Features None
Utilities Available Other
View Y/N No
Total Parking Spaces 4
Garage No
Private Pool No
Building
Faces From Memorial Dr. take Ridge Ave to Ridgemere Ct
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction No
Schools
Elementary Schools Stone Mountain
Middle Schools Stone Mountain
High Schools Stone Mountain
Others
HOA Fee Include None
Tax ID 18 037 18 106
Acceptable Financing 1031 Exchange,Cash,Conventional,FHA
Listing Terms 1031 Exchange,Cash,Conventional,FHA
Special Listing Condition Resale
Virtual Tour https://my.matterport.com/show/?m=JorYoZdf1Y4