2611 Golfview TER SE, Conyers, GA 30013
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2611 Golfview TER SE, Conyers, GA 30013
2611 Golfview TER SE, Conyers, GA 30013
2611 Golfview TER SE, Conyers, GA 30013
2611 Golfview TER SE, Conyers, GA 30013
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HARRY PATEL

HARRY PATEL

+1(404) 213-6811
$ 362,000
Est. payment /mo
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Price Dropped by $5K

2611 Golfview TER SE Conyers, GA 30013

0.34 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision Fieldstone View

MLS Listing ID 7664894

Construction Status Resale

HOA Y/N No

Year Built 1979

Annual Tax Amount $5,532

Tax Year 2024

Lot Size 0.342 Acres

Acres 0.342

Property Sub-Type Duplex

Source First Multiple Listing Service

Property Description

Welcome to this well-maintained four-sided brick duplex, where each 1680 sqft unit has 3 spacious bedrooms and 1.5-bathroom - each designed for comfort and convenience. Over $30,000 in renovations/upgrades in 2021 Inside, each unit features a cozy family room with a fireplace, a functional kitchen with stainless steel appliances and generous cabinetry, and a dedicated laundry room. Bedrooms are carpeted and offer abundant natural light. Outside, the fenced backyard provides a private space to relax or entertain and a covered porch. The area is also seeing rapid growth, with 5,600 new jobs coming to major employers like Rivian, Archer Aviation, and Meta - all within a 10-minute drive. Plus, with average rents for 3-bedroom rentals in the area currently around $1500.00, there's clear potential for future rent increases. Whether you're seeking rental income or a multi-generational living solution, this property offers the ideal combination of versatility, value, and steady returns.Unit A rents for $1160/month and Unit B for $1,602/month, generating a total monthly income of $2,762, or $33,144 annually. With estimated annual expenses at 10% of gross income ($3,314.40), this property delivers a solid Net Operating Income of $29,830 and a cap rate of approximately of 8.0%. Assuming a 20% down payment and a 30-year fixed mortgage at a 6% interest rate, annual debt service is estimated at $21,480 This results in an estimated pre-tax cash flow of approximately $596/month or $8.350/year in the first year - making this duplex a compelling option for investors seeking steady returns. MARKET RENT POTENTIAL: Average rents for 3-bedroom rentals in this area are currently around $1,500/month. At that rate, total monthly income would increase to $3,000, or $36,000 annually. With the same 10% expense ratio, operating expenses would be approximately $3,600, resulting in a Net Operating Income (NOI) of $32,400. This would raise the cap rate to 8.70%. With a $385,00 purchase price, a 20% down payment, and an estimated annual debt service of $21,480 projected cash flow would increase to $10,920/year - delivering an improved cash-on-cash return of 14.7%. . ***No showings until due diligence period. Please do not disturb tenants.*

Location

State GA

County Rockdale

Area Fieldstone View

Lake Name None

Interior

Heating Central

Cooling Central Air

Window Features Insulated Windows

Exterior

Parking Features Driveway

Fence Back Yard, Chain Link

Community Features None

Utilities Available Cable Available, Sewer Available, Water Available, Electricity Available

Waterfront Description None

View Y/N Yes

View Other

Roof Type Composition

Accessibility None

Handicap Access None

Total Parking Spaces 2

Private Pool false

Building

Lot Description Level, Wooded

Story Two

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Brick,Cement Siding

Construction Status Resale

Schools

Elementary Schools Peek'S Chapel

Middle Schools Memorial

High Schools Salem

Others

Senior Community no

Tax ID 077A010004

First Multiple Listing Service(FMLS)
Listed by Keller Williams Realty Atl North
HARRY PATEL

HARRY PATEL

Agent | License ID: 298422

+1(404) 213-6811

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2611 Golfview TER SE