811/869/869R 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 6.94 acres.

 Estimated ARV: $930k

 As-Is CA$H Price: $439k 

 (3 Houses + 6.94 Acres)

*As-Is Cash Buyers Only

*No HOA Fees Included

Property Details: Single Family Residential

811 -   Beds: 3       Baths: 2 full         Sq. Ft. 1,840      Year Built: 1930 
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 6.94 acres for sale. This deal package includes 3 homes plus a land lot from a rich heritage named the King family, whom the road is named after, left an inheritance of land to the owner for which two properties are occupied by tenants (869 & 869R). After repair value is subject to improvements made.