2609 Country Trce SE - Multi-Family FOR SALE


Conyers, GA 30013
$385,000 USD
404-585-8881
2609 Country Trce SE, Conyers, GA for Sale
$385,000 USD
Multi-Family - FOR SALE
1/19
null | 7% Cap Rate

2609 Country Trce SE
Conyers, GA 30013


OVERVIEW

Fantastic investment opportunity with a strong cap rate near 7.0% and solid cash flow. This well maintained duplex features two 3 bed / 2 bath units, each offering remodeled kitchens, living rooms with a fireplace, and access to a large backyard. Current rents of $1,325 and $1,330 per unit generate approximately $31,860 in gross annual income. Estimated annual expenses of $5,098 result in a healthy net operating income of approximately $26,762. Based on current financing assumptions, projected annual debt service is approximately $22,790, producing estimated annual cash flow of $3,970. With conservative underwriting and a proven rental history, this property presents a compelling buy and hold opportunity with reliable tenants and easy management. Located just a 12 minute drive from the newly established Archer Aerospace and Rivian manufacturing facilities, which are collectively bringing more than 8,000 jobs to the area, the property benefits from strong tenant demand and continued growth in the local rental market. A turn key income producing asset offering both stability today and upside for long term appreciation.

FOR SALE DETAILS

PRICE

$385,000 USD

PRICE/SF

$115 USD /SF

# OF UNITS

2

PRICE/UNIT

$192,500

CAP RATE

7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2609 Country Trace SE

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

077-A-02-0091

ASK ABOUT THIS PROPERTY

Janice OverbeckKeller Williams RealtyMore Info
404-585-8881

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Janice OverbeckKeller Williams RealtyMore Info
404-585-8881

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.