6518 Gray Hawk WAY Stone Mountain, GA 30087
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,702 sqft
Price per Sqft $169
Subdivision Raven Spgs
MLS Listing ID 7689754
Style Ranch
Bedrooms 2
Full Baths 2
Construction Status Resale
HOA Y/N No
Year Built 1975
Annual Tax Amount $701
Tax Year 2024
Lot Size 0.430 Acres
Acres 0.43
Property Sub-Type Single Family Residence
Source First Multiple Listing Service
Property Description
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 doesn't need much in terms of updates or repairs, making it perfect for a savvy buyer using FHA or FHA 203k financing with a low down payment — or for an investor looking for a fast and profitable value-add opportunity.
Inside, the existing layout and generous square footage allow for an easy conversion to 4+ bedrooms and 4+ bathrooms within the current structure and basement. This means you can dramatically increase value immediately, whether you plan to fix & flip or hold as a high-demand long-term rental.
With NO HOA and NO RENTAL RESTRICTIONS, this property provides complete flexibility — a rare advantage in today's market. The area is well-known for its strong rental activity, making this an excellent opportunity for investors seeking reliable cash flow.
Why Buyers Love This Home:
Minimal repairs needed
FHA & FHA 203k friendly
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 come 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 future growth in one of Stone Mountain's most desirable pockets.
Location
State GA
County Dekalb
Area Raven Spgs
Lake Name None
Rooms
Bedroom Description Master on Main
Other Rooms None
Basement Driveway Access, Exterior Entry, Unfinished
Main Level Bedrooms 2
Dining Room Separate Dining Room
Kitchen Breakfast Bar, Cabinets Other, Eat-in Kitchen
Interior
Interior Features Entrance Foyer, High Speed Internet
Heating Central, Natural Gas
Cooling Ceiling Fan(s), Central Air
Flooring Ceramic Tile, Stone, Other
Fireplaces Number 1
Fireplaces Type Decorative, Family Room, Gas Starter
Equipment None
Window Features Bay Window(s),Double Pane Windows
Appliance Electric Range, Gas Water Heater, Microwave, Refrigerator
Laundry In Basement
Exterior
Exterior Feature Private Entrance, Private Yard, Rain Gutters
Parking Features Attached, Garage, Garage Faces Side
Garage Spaces 2.0
Fence None
Pool None
Community Features Fishing, Lake
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available
Waterfront Description Pond
View Y/N Yes
View City, Lake, Trees/Woods
Roof Type Shingle
Street Surface Asphalt
Accessibility None
Handicap Access None
Porch Deck, Front Porch, Rear Porch, Screened
Private Pool false
Building
Lot Description Back Yard, Front Yard, Lake On Lot, Pond on Lot
Story One and One Half
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Ranch
Level or Stories One and One Half
Structure Type HardiPlank Type
Construction Status Resale
Schools
Elementary Schools Wynbrooke
Middle Schools Stephenson
High Schools Stephenson
Others
Senior Community no
Restrictions false
Tax ID 18 024 02 054
Acceptable Financing Cash, Conventional, FHA, FHA 203(k)
Listing Terms Cash, Conventional, FHA, FHA 203(k)
Special Circumstances None
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