2124 Hickory BND SE new Save Request In-Person Tour Request Virtual Tour
Conyers,GA 30013
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Country Walk At Fieldstone
MLS Listing ID 7562389
Year Built 1984
Annual Tax Amount $7,506
Tax Year 2024
Lot Size 0.307 Acres
Property Sub-Type Duplex
Property Description
Welcome to this well-maintained duplex, offering two spacious 3-bedroom, 3-bathroom units - each designed for comfort and convenience. Over $70,000 in renovations/upgrades in 2021. Unit A rents for $1,560/month and Unit B for $1,657/month, generating a total monthly income of $3,217, or $38,604 annually. With estimated annual expenses at 16% of gross income ($6,176.64), this property delivers a solid Net Operating Income of $32,427.36 and a cap rate of approximately of 7.91%. Assuming a 20% down payment and a 30-year fixed mortgage at a 6.5% interest rate, annual debt service is estimated at $24,872.40. This results in an estimated pre-tax cash flow of approximately $630/month or $7,555/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 $1,775/month. At that rate, total monthly income would increase to $3,550, or $42,600 annually. With the same 16% expense ratio, operating expenses would be approximately $6,816, resulting in a Net Operating Income (NOI) of $35,784. This would raise the cap rate to 8.73%. With a $410,00 purchase price, a 20% down payment ($82,000), and an estimated annual debt service of $24,864, projected cash flow would increase to $10,920/year - delivering an improved cash-on-cash return of 13.3%. Inside, each unit features a cozy family room with a fireplace, a functional kitchen with black appliances and generous cabinetry, and a dedicated laundry room. Bedrooms are comfortably carpeted with ceiling fans 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 $1,775, 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. ***No showings until due diligence period. Please do not disturb tenants.***
Location
State GA
County Rockdale
Interior
Heating Forced Air,Central
Cooling Ceiling Fan(s),Central Air
Exterior
Parking Features Driveway,Level Driveway
Fence Fenced,Back Yard
Community Features None
Utilities Available Electricity Available,Sewer Available,Water Available
Waterfront Description None
View Other
Roof Type Composition
Building
Lot Description Level,Corner Lot
Story Two
Sewer Public Sewer
Water Public
Structure Type Brick 4 Sides
New Construction No
Schools
Elementary Schools Peek'S Chapel
Middle Schools Memorial
High Schools Salem