2611 Golfview Ter SE - Multi-Family FOR SALE


Conyers, GA 30013
$377,500 USD
404-585-8881
2611 Golfview Ter SE, Conyers, GA for Sale
$377,500 USD
Multi-Family - FOR SALE
1/23
null | 8.78% Cap Rate

2611 Golfview Ter SE
Conyers, GA 30013


OVERVIEW

Perfect for investors! This brick duplex features two 3 bed / 1.5 bath units, each with a fireside living room and updated kitchens. Current rents are $1,160 and $1,602 per month, producing a gross annual income of $33,144. With a 6.5% interest rate, 16% expenses, and 20% down, it offers an estimated NOI of $27,845, an approximate cap rate of 7.4%, and annual cash flow around $4,935 after debt service. Pro Rata Potential: If both units were rented at $1,600, the NOI increases to $32,241, improving the cap rate to 8.5% and raising annual cash flow to about $9,350 making it a fantastic opportunity for strong investor returns!

FOR SALE DETAILS

PRICE

$377,500 USD

PRICE/SF

$136 USD /SF

# OF UNITS

2

PRICE/UNIT

$188,750

CAP RATE

8.78%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2611 Golfview Terrace SE

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

077-A-01-0004

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.