Investor Opportunity! Vacant & Ready for Immediate Income Production! This 2-bedroom, 1.5-bath condominium presents an excellent opportunity for investors seeking a value-add asset with strong rental potential. The functional floor plan offers spacious living and dining areas, a well-appointed kitchen, two generously sized bedrooms upstairs, and a private patio area ideal for tenant enjoyment. Currently vacant, this unit is projected to achieve close to $1,675 per month in market rent and offers flexibility for traditional leasing or placement of a housing voucher tenant. HOA dues include exterior maintenance, landscaping, and water/sewer, helping reduce ownership responsibilities and simplify management. 1413 Stone Mill Trace is also part of a rare 3-unit investment package that includes 1411 and 1421 Stone Mill Trace. Together, the portfolio generates approximately $5,000 in monthly rental income and nearly $60,000 annually in gross revenue, offering investors an opportunity to acquire a stabilized, income-producing portfolio with both immediate cash flow and upside potential. Rent roll, lease information, and financials are available upon request. Conveniently located near major highways, shopping, dining, public transportation, and employment centers. Whether purchased individually or as part of the portfolio package, this property offers an attractive opportunity for investors looking to build wealth through real estate.
Common walls with other units/homes: 2+ Common Walls,No One Above,No One Below
Interior area
Total structure area: 1,152
Total interior livable area: 1,152 sqft
Finished area above ground: 576
Finished area below ground: 576
Property
Parking
Total spaces: 1
Parking features: Assigned, Carport
Has carport: Yes
Features
Levels: Two
Stories: 2
Patio & porch: Patio, Porch
Fencing: Back Yard,Fenced,Privacy
Lot
Size: 958 Square Feet
Features: Other
Details
Parcel number: 18 137 05 031
Construction
Type & style
Home type: Condo
Architectural style: A-Frame
Property subtype: Condominium
Attached to another structure: Yes
Materials
Vinyl Siding
Roof: Other
Condition
Resale
New construction: No
Year built: 1974
Utilities & green energy
Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Sewer Connected, Water Available
Community & HOA
Community
Features: None
Security: Smoke Detector(s)
Subdivision: Stone Mill Condominium Association
HOA
Has HOA: Yes
Services included: Maintenance Structure, Maintenance Grounds, Water