2611 GOLFVIEW TER SE Save Request In-Person Tour Request Virtual Tour
Conyers,GA 30013
Key Details
Property Type Multi-Family
Sub Type Multi Family,Duplex
Listing Status New
Purchase Type For Sale
Subdivision Fieldstone View
MLS Listing ID 10539665
Year Built 1979
Annual Tax Amount $5,532
Tax Year 2024
Lot Size 0.342 Acres
Property Sub-Type Multi Family,Duplex
Property Description
Envision the steady stream of income flowing into your portfolio from this duplex in Conyers, Georgia. This isn't just a property; it's a turnkey investment poised to deliver consistent returns and long-term appreciation in a sought-after location. Both units offer 3-bedroom, 1 full bathroom, 1 half bathroom layout, ensuring broad tenant appeal. Both units have a brick fireplace, granite countertops, tile flooring, and even an in-unit washer/dryer. The fenced yard and screened porch in the back of both units add significant lifestyle value, setting your property apart in the market. Capitalize on the immediate income stream with both units currently leased. The property's strong 2024 revenue of $32,082 speaks volumes about its earning potential.Appraised at $400,000. MARKET RENT POTENTIAL: Average rents for 3-bedroom rentals in this area are currently around $1,775/month. At that rate, total monthly income would increase to $3,550, or $42,600 annually. With the same 15% expense ratio, operating expenses would be approximately $6,390, resulting in a Net Operating Income (NOI) of $36,210. This would raise the cap rate to 9.16%. With a $395,000 purchase price, a 20% down payment ($79,000), and an estimated annual debt service of $23,694, projected cash flow would increase to $12,516/year - delivering an improved cash-on-cash return of 15.8%. The area is also seeing rapid growth, with new jobs coming to major employers like Archer Aviation and Meta-all within a 10-minute drive. Plus, with average rents for 3-bedroom rentals in the area currently around $1,775, there's clear potential for future rent increases.
Location
State GA
County Rockdale
Interior
Heating Central
Cooling Ceiling Fan(s),Central Air
Exterior
Parking Features Attached
Garage Spaces 2.0
Community Features None
Utilities Available Other
View Y/N No
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Concrete
New Construction No
Schools
Elementary Schools Peeks Chapel
Middle Schools Memorial
High Schools Salem
Others
Special Listing Condition Resale