2609 COUNTRY TRCE 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 Country Walk At Fieldstone
MLS Listing ID 10539619
Year Built 1985
Annual Tax Amount $6,511
Tax Year 2024
Lot Size 0.490 Acres
Property Sub-Type Multi Family,Duplex
Property Description
Imagine the satisfaction of owning a property that works for you, consistently generating income and building your wealth. Seize this opportunity to acquire a well-maintained duplex at 2609 Country Trace. Each spacious unit has 3-bedroom, 2-bathroom layout, complete with a cozy fireplace that adds a touch of home and enhances tenant appeal. With a proven rental history generating a solid $30,876 in 2024, this property offers immediate cash flow. Both units are currently leased, providing continuous income from day one. This duplex isn't just a property; it's a pathway to financial freedom. Whether you're a seasoned investor looking to expand your portfolio or a savvy first-time buyer seeking to offset your mortgage with rental income, this is your chance to secure a tangible asset in a promising location. The property's good condition minimizes immediate concerns, allowing you to focus on maximizing your returns. 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 Assigned,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