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$289,000
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
| 2 |
2.00 |
1,702 |
$701 |
1975 |
|
On the market:
46 days
|
View full details, photos, school info, and price history
AN OPPORTUNITY YOU DO NOT WANT TO MISS — MOTIVATED SELLER!
No HOA. No Rental Restrictions. High-Demand Area.
Welcome to 6518 Gray Hawk Way, a rare find in Stone Mountain offering versatility, instant equity potential, and endless possibilities for homeowners and investors alike. This property requires minimal updates or repairs, making it ideal for FHA or FHA 203k financing with a low down payment — or for an investor seeking a fast and profitable value-add opportunity.
The existing layout and generous square footage allow for easy expansion to 4+ bedrooms and 4+ bathrooms, including the potential to add an additional bedroom downstairs and utilize the basement for even more living space. This creates an excellent opportunity to significantly increase value whether you plan to fix & flip or hold as a high-demand long-term rental.
With NO HOA and NO RENTAL RESTRICTIONS, this property offers rare flexibility in today’s market. The area is well-known for strong rental demand, making this a standout investment opportunity.
Why Buyers Love This Home:
Minimal repairs needed
FHA & FHA 203k friendly
Potential to add a downstairs bedroom
Easily expandable to 4+ beds & 4+ baths
Basement with great potential
No HOA / No rental restrictions
Strong rental-demand neighborhood
Motivated seller — submit your offer before it’s gone!
Strongly encouraged to see the property in person — no blind offers. Homes with this much upside and flexibility do not last long. This is your chance to secure a property with immediate value and long-term growth in one of Stone Mountain’s most desirable pockets.
Listing courtesy of Nil Patel, Keller Williams Realty ATL Part