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$390,000
2611 Golfview Terrace SE, Conyers, GA 30013Listing ID 7800637

2611 Golfview Terrace SE, Conyers, GA 30013

Active
Fieldstone View
Time on site: 15 daysLast updated: 6 days ago
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
Duplex
Acres
Acres
0.34
Days on Site
Days on Site
15
Cooling
Cooling
Central Air
Heating
Heating
Central
Year Built
Year Built
1979
Parking
Parking
Driveway

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.

Property Information

Property Details

Location

Address
2611 Golfview Terrace SE
County
Rockdale - GA
City
Conyers
Zip Code
30013
Subdivision
Fieldstone View
High School
Salem
Elementary School
Peek's Chapel
Keller Williams Realty Atl North, (770) 509-0700

Interior Features

Heating and Cooling

Cooling
Central Air
Heating
Central

Building

Building Information

Year Built
1979
Construction
Brick, Cement Siding
Roof
Composition
Condition
Resale

Property Taxes

Tax Annual Amount
$5,532
Tax Year
2024
Source: First Multiple Listing Service
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