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6518 Gray Hawk Way; Stone Mountain, GA 30087

$280,000

1,702 Sq Ft
2 Bedrooms
2 Bathrooms
Attached
7689754
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.
Key Facts
  • Style:
  • Year Built: 1975
  • Status: Active
Schools
  • Elementary School: Wynbrooke
  • Middle School: Stephenson
  • High School: Stephenson
Bedrooms
  • Beds Total: 2
Bathrooms
  • Baths Full: 2
  • Baths Half: 0
  • Main Full Baths: 2
  • Master Bath Features: Double Vanity, Shower Only, Whirlpool Tub

Learn more about this property...

Private & Public Schools Nearby

  • 4 / 5
    Above
    Avg

    Wynbrooke Elementary School
    440 WICKSBURY WAY; Stone Mountain, GA 30087
    Public PK-5th  |  797 students
    Metro Atlanta School Rank: 265th
  • 1 / 5
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    Avg

    Stephenson Middle School
    922 STEPHENSON ROAD; Stone Mountain, GA 30087
    Public 6th-8th  |  943 students
    Metro Atlanta School Rank: 460th
  • 1 / 5
    Below
    Avg

    Stephenson High School
    701 STEPHENSON ROAD; Stone Mountain, GA 30087
    Public 9th-12th  |  1,576 students
    Metro Atlanta School Rank: 317th

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Listing Provided Courtesy Of: Keller Williams Realty ATL Part
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Listing information last updated on April 28, 2026
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