Key Highlights & Investment Snapshot
- Price: $195,000
Affordable Entry Point - Space: 2 Bed / 2 Bath
1,328 SqFt Roommate Plan - Investor Ready: No Rental Restrictions
Maximize Your Rental Strategy - Low HOA: Just $290 Annually
Minimizes Carrying Costs
Unlock Incredible Potential at 1016 Mariners Court
This is more than just a condo; it’s a blank canvas for your homeownership or investment dreams. Step inside to discover a surprisingly spacious 1,328 sq. ft. layout designed for comfortable living. The large living room, complete with a cozy fireplace, flows into a separate dining area, providing ample space for relaxation and entertaining.
The popular roommate floor plan features two large bedrooms and two bathrooms, offering privacy and flexibility for tenants or family. Start your mornings on the enclosed front porch and end your days on the huge private back deck—your personal oasis perfect for cookouts and quiet evenings.Sold “As Is”, this property presents a fantastic value-add opportunity for an investor to renovate and command top rental dollar, or for a first-time buyer to build equity while creating a home that’s truly their own.
Engineered for Maximum Return on Investment
In today’s market, finding a property with zero rental restrictions is a golden opportunity. This key feature gives you, the investor, complete control to maximize your rental strategy—whether it’s long-term tenants or other rental models. Combined with an exceptionally low annual HOA fee of just $290, your carrying costs are minimized, allowing for stronger monthly cash flow.
- Uncapped Rental Potential: Freedom to set market rates without restrictive covenants.
- Strong Tenant Demand: Located in a high-demand commuter area near major highways and employers.
- Value-Add Opportunity: The “As Is” condition allows you to renovate to your specifications and significantly increase the property’s value and rental appeal.
“Investors consistently seek properties with low HOAs and no rental caps. A unit like this in Stone Mountain is exactly the kind of high-potential asset that gets noticed.”
Detailed Features & Specifications
Interior Highlights
- Bedrooms: 2 Large Bedrooms
- Bathrooms: 2 (1 Full, 1 Half)
- Living Space: 1,328 SqFt
- Ceilings: High Ceilings for an Open, Airy Feel
- Flooring: Mix of Tile, Carpet, and Laminate
- Fireplace: 1, Wood-Burning
- Windows: Energy-Efficient Double Pane Windows
- Laundry: In-Kitchen Connections
Exterior & Community
- Private Outdoor Space: Huge Rear Deck & Enclosed Front Porch
- Siding: Wood Siding
- Subdivision: Mariners Village
- HOA: Yes – $290 Annually
Prime Location: Connected to Everything
Location is key for both lifestyle and rental demand. This property offers unparalleled access to Metro Atlanta’s most important destinations:
- Commuter’s Dream: Minutes from Highway 78 and the I-285 perimeter.
- Public Transit: Close to major MARTA bus routes.
- Recreation & Leisure: A short drive to the iconic Stone Mountain Park.
Daily Needs: Conveniently located near major shopping centers and grocery stores.
An Opportunity This Good Won’t Last Long
Whether you’re starting your homeownership journey or adding a high-potential asset to your portfolio, 1016 Mariners Court delivers exceptional value and opportunity. Submit your inquiry below to receive more information or schedule a private showing.