2611 GOLFVIEW TER SE new Save Request In-Person Tour Request Virtual Tour
Conyers,GA 30013
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Fieldstone View
MLS Listing ID 7564981
Year Built 1979
Annual Tax Amount $5,532
Tax Year 2024
Lot Size 0.342 Acres
Property Sub-Type 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
Flooring Carpet,Tile
Exterior
Parking Features Driveway
Fence Back Yard,Chain Link
Community Features None
Utilities Available Cable Available,Electricity Available,Phone Available,Sewer Available,Water Available
Waterfront Description None
View Neighborhood
Roof Type Composition,Shingle
Building
Lot Description Level,Wooded
Story Two
Sewer Public Sewer
Water Public
Structure Type Brick,Cement Siding
New Construction No
Schools
Elementary Schools Peek'S Chapel
Middle Schools Memorial
High Schools Salem
Others
Special Listing Condition Trust