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2132 Hickory Bend SE, Conyers
$420,000
10652371 MLS
Welcome to Your Dream Investment Property! An excellent opportunity to own an investment duplex located in Conyers, Georgia off of Salem Road! NO HOA AND NO RENTAL RESTRICTIONS, 2 separate 2-story units, level lots, very close to Interstate I-20, near schools, shopping and restaurants. Both units have been renovated with updated kitchens, bathrooms, flooring and countertops. Each unit features a fully equipped kitchen with stainless steel appliances, formal dining room, living room with fireplace, 3 spacious bedrooms, 3 full baths, each unit includes a washer and dryer closet for convenience; and a storage room on the outside of each unit. Each unit with 2000 sq. ft. Separate meters for each unit. A perfect buy and hold multi-family gem with instant income potential. This property is a rare find for savvy investors. Don't miss your chance to own this competitively priced duplex in this fast growing corridor! Specific rent roll and property information is available upon request. TENANT OCCUPIED. PLEASE DO NOT DISTURB. No showings until due diligence period. All showings will be scheduled after accepted offer during due diligence. Preferred closing attorney, Lueder, Larkin & Hunter, located in Conyers, Georgia. Property is being sold as-is.

2132 Hickory Bend SE, Conyers

Listing courtesy of Collaborative Touch Mgmt & Realty. Selling Office: .

2609 Country Trace SE, Conyers
$380,000
10658994 MLS
Welcome to this well-maintained four-sided brick duplex, where each 1680 sqft unit has 3 spacious bedrooms and 2-bathroom - each designed for comfort and convenience. Over $50,000 in renovations/upgrades in 2021 Inside, each unit features a cozy family room with a fireplace, a functional kitchen with stainless steel appliances and generous cabinetry, and a dedicated laundry room. Entire units have LVP throughout, while each primary suite offers a spacious walk-in closet and abundant natural light. Outside, the fenced backyard provides a private space to relax or entertain. The area is also seeing rapid growth, with 5,600 new jobs coming to major employers like Rivian, Archer Aviation, and Meta - all within a 10-minute drive. Plus, with average rents for 3-bedroom rentals in the area currently around $1500.00, there's clear potential for future rent increases. Whether you're seeking rental income or a multi-generational living solution, this property offers the ideal combination of versatility, value, and steady returns.Unit A rents for $1325/month and Unit B for $1,330/month, generating a total monthly income of $2,655, or $31,200 annually. With estimated annual expenses at 10% of gross income ($3,120.00), this property delivers a solid Net Operating Income of $28,080 and a cap rate of approximately of 7.45%. Assuming a 20% down payment and a 30-year fixed mortgage at a 6% interest rate, annual debt service is estimated at $22,152.00 This results in an estimated pre-tax cash flow of approximately $544/month or $6,522/year in the first year - making this duplex a compelling option for investors seeking steady returns. MARKET RENT POTENTIAL: Average rents for 3-bedroom rentals in this area are currently around $1,500/month. At that rate, total monthly income would increase to $3,000, or $36,000 annually. With the same 10% expense ratio, operating expenses would be approximately $3,600, resulting in a Net Operating Income (NOI) of $32,400. This would raise the cap rate to 8.40%. With a $385,00 purchase price, a 20% down payment, and an estimated annual debt service of $22,152.00 projected cash flow would increase to $10,248/year - delivering an improved cash-on-cash return of 13.3%. . ***No showings until due diligence period. Please do not disturb tenants.*

2609 Country Trace SE, Conyers

Listing courtesy of Keller Williams Realty Atlanta North. Selling Office: .

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