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About This Home

This 2-bedroom, 2-bathroom single family at 5374 Cherry Wood Drive in Stone Mountain, GA is listed for $104,999 ($96 per sqft). Built in 1986, the home offers 1,097 sqft of living space on a 0.08 acres lot.

Agent Description

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.

Key Features

  • Built in 1986
  • 0.08 acre lot

Property Details

1 story
2 full
1986

Monthly Cost Estimate

$562/mo

20% down · 6.5% · 30 years

Principal$76
Interest$455
Insurance$31

Estimates only. Actual payments may vary.

Location

5374 Cherry Wood Drive

Stone Mountain, GA 30083

Ridge Forest Ph 02b

Property Details

Construction

Brick

Parking

Driveway

Heating

Central

Questions & Answers

This 2-bedroom, 2-bathroom single family at 5374 Cherry Wood Drive is listed at $104,999 ($96/sqft). The estimated monthly payment is $455 based on 20% down at 6.5% interest.

Key features include: Built in 1986, 0.08 acre lot.

This property is listed by Jeffrey Ducreay and can be reached at (888) 959-9461 or ducreayj@gmail.com.

JD

Jeffrey Ducreay

Agent at EXP Realty, LLC.

(888) 959-9461

Listed by EXP Realty, LLC. · View on Broker Site

MLS# 7765713· Source: listhub· Updated 37 days ago

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5374 Cherry Wood Drive, Stone Mountain, GA 30083

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