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5374 Cherry Wood DR Stone Mountain, GA 30083
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Key Details
Sold Price $104,999
Property Type Townhouse
Sub Type Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,097 sqft
Price per Sqft $95
Subdivision Ridge Forest Ph 02B
MLS Listing ID 10834263
Sold Date 09/22/26
Style Ranch
Bedrooms 2
Full Baths 2
HOA Y/N No
Year Built 1986
Annual Tax Amount $4,980
Tax Year 2025
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 3484.8
Property Sub-Type Townhouse
Source Georgia MLS 2
Property 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.
Location
State GA
County Dekalb
Rooms
Bedroom Description No
Basement None
Interior
Interior Features Other
Heating Central
Cooling None
Flooring Other
Fireplace No
Appliance Other
Laundry Other
Exterior
Parking Features Parking Pad
Community Features None
Utilities Available Other
Waterfront Description No Dock Or Boathouse
View Y/N No
Roof Type Composition
Garage No
Private Pool No
Building
Lot Description None
Faces Please use gps
Sewer Public Sewer
Water Public
Architectural Style Ranch
Level or Stories One
Structure Type Brick,Other
New Construction No
Schools
Elementary Schools Stone Mountain
Middle Schools Stone Mountain
Others
HOA Fee Include None
Tax ID 18 037 18 042
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition Resale
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