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$395,000

Welcome to this well-maintained, freshly updated four-sided brick duplex, where each 1,680 sq ft unit features 3 spacious bedrooms and 1.5 bathrooms designed for comfort and convenience. Over $30,000 in renovations and upgrades were completed in 2021, with additional recent updates including fresh interior paint, new bathroom vanities, and new carpet throughout the bedrooms. Inside, each unit offers a cozy family room with a fireplace, a functional kitchen with stainless steel appliances and generous cabinetry, and a dedicated laundry room. The bedrooms are filled with abundant natural light and feature new carpeting for added comfort. Outside, the fenced backyard provides a private space to relax or entertain, along with a covered porch. The area is also experiencing rapid growth, with 5,600 new jobs coming to major employers such as Rivian, Archer Aviation, and Meta, all within a 10-minute drive. Average rents for 3-bedroom rentals in the area are currently around $1,500/month, presenting strong upside potential for future rent increases. Whether you're seeking reliable rental income or a multi-generational living solution, this property offers an ideal combination of versatility, value, and steady returns. Unit 2609 currently rents for $1,230/month, and Unit 2611 is currently vacant. If unit 2611 is to rent for $1,230/month, generating approximately $29,520 in gross annual income. Estimated annual operating expenses are approximately 16% of gross income ($4,723), resulting in a Net Operating Income (NOI) of approximately $24,797. Based on a $395,000 purchase price, 20% down payment, 30-year amortization, and an estimated 6.3% interest rate, projected annual debt service is approximately $23,470. This results in an estimated annual cash flow of approximately $1,327 and a cap rate of approximately 6.3%, making this an attractive opportunity for investors seeking long-term appreciation with immediate income and upside potential. MARKET RENT POTENTIAL: With average 3-bedroom rents in the area currently around $1,500/month, total monthly rental income could increase to approximately $3,000/month or $36,000 annually. At market rents, the estimated NOI increases to approximately $30,240, annual cash flow improves to approximately $6,770, and the projected cap rate increases to approximately 7.7%, providing significant upside through future rent growth and increased returns.

7800637 MLS

2611 Golfview Se Terrace, Conyers

$699,900

Exceptional turnkey investment opportunity! Start generating immediate passive income from the day you close with this fully renovated and 100% occupied fourplex in the growing city of Conyers, GA, conveniently located just minutes from I-20, shopping, dining, and everyday conveniences. This outstanding multifamily property features 4 beautifully renovated units offering a total of 8 bedrooms, 6 full bathrooms, and 2 half bathrooms (8 bathrooms total). Every unit has been thoughtfully updated with renovated kitchens, modern bathrooms, new flooring, and contemporary finishes, providing an attractive living environment while reducing future maintenance expenses. The exterior of the building has also been completely renovated, making this a true move-in-ready investment. The property includes 8 dedicated parking spaces and NO HOA, adding even more value and flexibility for both owners and tenants. Currently 100% occupied, this property is producing approximately $66,000 in gross annual rental income. Current monthly rents are: Unit A: $1,450/month Unit B: $1,350/month Unit C: $1,350/month Unit D: $1,450/month The current lease agreements have been recently executed and are scheduled to remain in effect through March to June 2027, offering stable and predictable cash flow for the new owner. Buyers are encouraged to independently verify all lease agreements, rental amounts, security deposits, and lease expiration dates during the Due Diligence period. Whether you're an experienced investor looking to expand your portfolio or a buyer searching for a high-performing multifamily asset with immediate income, this property offers an exceptional combination of cash flow, recent renovations, strong occupancy, and long-term investment potential. Don't miss this rare opportunity to own a fully renovated, income-producing fourplex in one of Conyers' fastest-growing areas. Schedule your private tour today!

7799209 MLS

2644 Fieldstone View Se Lane, Conyers