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  • Price cut: $15.1K (8/18)
    $159,900

    2238 Scarbrough Dr, Stone Mountain, GA 30088

    3beds
    1,248sqft
    : 
    Single Family Residence
    Built in 1985
    8,712 Square Feet Lot
    $157,800 Zestimate®
    $128/sqft
    $-- HOA

    What's special

    Go ask your agent if this is true: Do some investment properties deliver immediate positive cash flow from the day of closing? The answer here is "YES." While most investors spend months renovating and marketing rental properties before seeing their first dollar of return, 2238 Scarbrough Drive offers what sophisticated portfolio builders value most: immediate, verifiable income. What truly separates this opportunity from typical investment listings? Current occupancy with a qualified tenant already in place, generating $1,395 monthly. This represents the holy grail of residential investing: acquiring a performing asset without the typical startup costs and initial vacancy period that dramatically impact first-year returns. For investors focused on real-world performance rather than theoretical potential, this property delivers tangible results from day one. No construction delays, no contractor headaches, no marketing costs, and no tenant screening uncertainty. Just predictable monthly income beginning immediately after closing. The 3-bedroom, 2-bath split level configuration provides the ideal rental layout that consistently maintains tenant demand in any market condition and Stone Mountain's strategic location offers the precise balance of accessibility and affordability that drives superior investment returns. While providing easy commuting access to major employment centers, the property sits in a submarket where acquisition costs remain reasonable relative to rental rates, creating the favorable cash-on-cash returns that sophisticated investors prioritize. Unlike speculative investment opportunities requiring substantial post-acquisition capital, this property allows your investment dollars to work immediately toward wealth building rather than renovation costs. The existing lease provides operational predictability that simply cannot be matched by vacant "potential rental" properties regardless of condition. For investors building long-term portfolios, this property offers the ideal combination: reliable current income with appreciation potential in an established neighborhood. Whether expanding an existing portfolio or acquiring your first investment property, 2238 Scarbrough Drive represents the operational simplicity and immediate performance that savvy investors seek. Calculate your returns using actual numbers, not projections. Analyze the verified rental payment history and current property condition. Then make your decision promptly. Properties offering immediate income with documented performance history rarely remain available long in today's yield-seeking market. Priced to attract immediate interest from serious, investment-minded buyers only. Call your agent (or your financial advisor) today for a complete investment package including current lease documentation and payment history.
    77 days
    on Zillow
    |
    1,073
    |
    56
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    Zillow last checked: 7 hours ago

    Listing updated: August 18, 2025 at 08:13am

    Listed by:

    Joshua Keen 404-538-5356,

    Keller Williams Realty

    Source: GAMLS,MLS#: 10515372MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 2238 Scarbrough Dr.

    Next available tour time:Friday at 9am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Rooms
    • Room types: Family Room
    Heating
    • Central
    Cooling
    • Central Air, Ceiling Fan(s)
    Appliances
    • Included: Dishwasher, Refrigerator, Oven/Range (Combo)
    • Laundry: Other
    Features
    • High Ceilings
    • Flooring: Carpet, Vinyl, Tile
    • Basement: None
    • Number of fireplaces: 1
    Interior area
    • Total structure area: 1,248
    • Total interior livable area: 1,248 sqft
    • Finished area above ground: 1,248
    • Finished area below ground: 0
    Video & virtual tour

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage
    • Has garage: Yes
    Features
    • Levels: One and One Half
    • Stories: 1
    Lot
    • Size: 8,712 Square Feet
    • Features: Other
    Details
    • Parcel number: 16 039 04 041
    • Special conditions: As Is

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Traditional
    • Property subtype: Single Family Residence
    Materials
    • Vinyl Siding
    • Roof: Composition
    Condition
    • Resale
    • New construction: No
    • Year built: 1985

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Sewer Connected, Phone Available, Water Available

    Community & HOA

    Community
    • Features: Walk To Schools, Near Public Transport
    • Security: Smoke Detector(s)
    • Subdivision: Barry E Cowan
    HOA
    • Has HOA: No
    • Services included: None
    Location
    • Region: Stone Mountain

    Financial & listing details

    • Price per square foot: $128/sqft
    • Tax assessed value: $180,400
    • Annual tax amount: $3,547
    • Date on market: 6/4/2025
    • Listing agreement: Exclusive Right To Sell
    • Electric utility on property: Yes
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