Hi There! Is this Your First Time?
Did you know if you Register you have access to free search tools including the ability to save listings and property searches? Did you know that you can bypass the search altogether and have listings sent directly to your email address? Check out our how-to page for more info.
- Price$195,000
- Beds3
- Baths3
- SQ. Feet1,248
- Acres0.20
- Built1985
2238 Scarbrough, Stone Mountain
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.
Essential Information
- MLS® #10515372
- Price$195,000
- Bedrooms3
- Bathrooms3.00
- Full Baths2
- Half Baths1
- Square Footage1,248
- Acres0.20
- Year Built1985
- TypeResidential
- Sub-TypeSingle Family Residence
- StyleTraditional
- StatusActive
Amenities
- UtilitiesCable Available, Electricity Available, High Speed Internet, Natural Gas Available, Sewer Connected, Phone Available, Water Available
- Parking Spaces2
- ParkingGarage
Exterior
- Lot DescriptionOther
- RoofComposition
- ConstructionVinyl Siding
Additional Information
- Days on Market27
Community Information
- Address2238 Scarbrough
- SubdivisionBarry E Cowan
- CityStone Mountain
- CountyDeKalb
- StateGA
- Zip Code30088
Interior
- Interior FeaturesHigh Ceilings
- AppliancesDishwasher, Refrigerator, Oven/Range (Combo)
- HeatingCentral
- CoolingCentral Air, Ceiling Fan(s)
- FireplaceYes
- # of Fireplaces1
- StoriesOne and One Half
School Information
- ElementaryPanola Way
- MiddleMiller Grove
- HighMiller Grove
Listing Details
- Listing Provided Courtesy Of Keller Williams Realty
Price Change History for 2238 Scarbrough, Stone Mountain, GA (MLS® #10515372)
Date | Details | Price | Change |
---|---|---|---|
Active | – | – | |
Price Change | – | – | |
Price Reduced (from $225,000) | $195,000 | $30,000 (13.33%) | |
Active (from New) | – | – |
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Go Realty Of Georgia & Alabam are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed.
The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2025 Georgia MLS. All rights reserved.
Listing information last updated on July 7th, 2025 at 8:16am CDT.