5585 Circlestone Ln

🏡 Stone Mountain Value-Add Opportunity | Strong Rental Market

📍 Stone Mountain, GA 30088

💰 Investment Snapshot

• Potential ARV: $215,000 – $225,000
• Comparable Rent: $1,550 – $1,650/month
• HOA: $205 annually (very low)
• Strategy: Resale or Rental Hold
• Construction: Frame

Conveniently located with easy access to I-20 and downtown Atlanta, this property sits in a stable rental corridor with strong resale activity.

🛠️ Value-Add / Rehab Strategy

To maximize value and rental potential, the recommended plan is:

• Convert large room into an additional bedroom to create a 3 Bed / 2.5 Bath layout
• Update flooring throughout
• Replace kitchen cabinetry and countertops
• Update toilets, vanities, and plumbing fixtures
• Fresh interior and exterior paint
• Roof is older (no active leaks) and may require replacement due to age
• AC unit is newer and in good working condition

Converting to a 3/2.5 configuration creates immediate forced appreciation and aligns the property with higher-performing comps.

📊 Comparable Sales

• 1497 Stoneleigh Cir – 3/2, 1,681 sqft (1984) – Pending @ $199,900 (dated)
• 1521 Dillard Rd – 3/2, 1,414 sqft (1989) – Sold $219,999 (updated)
• 1491 Stoneleigh Way – 2/2, 1,386 sqft (1982) – Sold $185,000 (dated)
• 5526 Stoneleigh Ct – 3/2, 1,600 sqft (1981) – Sold $225,000 (updated)
• 1522 Burnstone Dr – 3/2, 1,334 sqft (1987) – Sold $247,097 (updated)

Comps support the ARV range with updated finishes and optimized layout.

💡 Why This Deal Works

• Strong rental demand in $1,550–$1,650/month range
• Low annual HOA
• Value-add through bedroom conversion
• Favorable Atlanta metro location
• Clear path to $215K+ ARV

📩 Reach out for additional details, numbers breakdown, or to submit an offer.