Description
Welcome to this well-maintained 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. 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 carpeted and filled with abundant natural light. 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 A currently rents for $1,160/month and Unit B rents for $1,602/month, generating approximately $33,144 in gross annual income. Estimated annual operating expenses are approximately 16% of gross income ($5,303), resulting in a Net Operating Income (NOI) of approximately $27,841. 2611 Golf View Terrace, Conyers is now offered at $362,000. Based on a 20% down payment, 30-year amortization, and an estimated 6.3% interest rate, projected annual debt service is approximately $21,511. This results in estimated annual cash flow of approximately $6,330 and a cap rate near 7.7%, making this an attractive opportunity for investors seeking stable returns and future appreciation 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. This provides additional upside potential for increased NOI and stronger future cash flow.
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0BEDS
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0.34ACRES
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0BATHS
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01/2 BATHS
School Information
Description
Welcome to this well-maintained 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. 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 carpeted and filled with abundant natural light. 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 A currently rents for $1,160/month and Unit B rents for $1,602/month, generating approximately $33,144 in gross annual income. Estimated annual operating expenses are approximately 16% of gross income ($5,303), resulting in a Net Operating Income (NOI) of approximately $27,841. 2611 Golf View Terrace, Conyers is now offered at $362,000. Based on a 20% down payment, 30-year amortization, and an estimated 6.3% interest rate, projected annual debt service is approximately $21,511. This results in estimated annual cash flow of approximately $6,330 and a cap rate near 7.7%, making this an attractive opportunity for investors seeking stable returns and future appreciation 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. This provides additional upside potential for increased NOI and stronger future cash flow.
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