869/869R King Rd, Stone Mountain, GA 30088

Investment property for sale in Stone Mountain, GA located 1.3 miles from Wade Walker Park Family Recreational Center.  The property is also located 2.4 miles from the City of Stone Mountain near Stone Mountain Park sitting on 2 acres.

 Estimated ARV: $430k

 As-Is CA$H Price: $239k 

 (2 Houses On 2 Acres)                            Tenant Occupied                                     *As-Is Cash Buyers Only

Property Details: Single Family Residential   (869R is featured above)

869 -   Beds: 3       Baths: 2 full         Sq. Ft. 2,141      Year Built: 1970    

869R - Beds: 3       Baths: 2 full         Sq. Ft. ~1,400    Year Built: ~1980  

*869 Special Features: 2,141 sq.ft. plus 722 sq.ft. unfinished/1,083 sq.ft. finished basement in-law suite use, bath and bedroom (1,805 sq.ft.)                

New development projects in downtown Stone Mountain!

Stone Mountain Downtown Development Authority project – renovation of existing historic building, potential marketing for restaurant (projected date for Request for Proposals for renovation, 4th qtr. 2018)

Stone Mountain Train Depot, located on Main Street – 
will house the Stone Mountain Village Visitors’ Center, public event space, and the Stone Mountain Downtown Development Authority office (projected opening, 4th qtr. 2018)

Excellent opportunity to develop a subdivision as adjoining parcels of land totals 2 acres for sale. This deal package includes 2 homes sitting on a rich heritage named after the King family, even the main road, whose family left an inheritance of land to the owner for which two properties are occupied by tenants (869 and 869R). After repair value is subject to improvements made;