$104,999
$104,999
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2 Beds
2 Baths
1,097 SqFt
SOLD DATE : 09/22/2026
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 7842224
Sold Date 09/22/26
Style Traditional
Bedrooms 2
Full Baths 2
Construction Status Resale
HOA Y/N No
Year Built 1986
Annual Tax Amount $4,980
Tax Year 2025
Lot Size 3,484 Sqft
Acres 0.08
Property Sub-Type Townhouse
Source First Multiple Listing Service
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
Area Ridge Forest Ph 02B
Lake Name None
Rooms
Bedroom Description Other
Other Rooms None
Basement None
Main Level Bedrooms 2
Dining Room Other
Kitchen Other
Interior
Interior Features Other
Heating Other
Cooling Other
Flooring Other
Fireplaces Type None
Equipment None
Window Features None
Appliance Other
Laundry Other
Exterior
Exterior Feature Other
Parking Features Driveway
Fence None
Pool None
Community Features None
Utilities Available Other
Waterfront Description None
View Y/N Yes
View Neighborhood
Roof Type Other
Street Surface Other
Accessibility None
Handicap Access None
Porch None
Private Pool false
Building
Lot Description Other
Story One
Foundation None
Sewer Other
Water Other
Architectural Style Traditional
Level or Stories One
Structure Type Other
Construction Status Resale
Schools
Elementary Schools Stone Mountain
Middle Schools Stone Mountain
High Schools Stone Mountain
Others
Senior Community no
Restrictions false
Tax ID 18 037 18 042
Ownership Fee Simple
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Bought with Hester Group REALTORS
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