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 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.
