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Jenea Kennedy

jenea.kennedy@evatlanta.com +1(404) 304-8964

$ 395,000

Est. payment -/mo

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New

2609 COUNTRY TRCE SE Conyers, GA 30013

0.49 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family,Duplex

Listing Status New

Purchase Type For Sale

Subdivision Country Walk At Fieldstone

MLS Listing ID 10539619

HOA Y/N No

Year Built 1985

Annual Tax Amount $6,511

Tax Year 2024

Lot Size 0.490 Acres

Acres 0.49

Lot Dimensions 21344.4

Property Sub-Type Multi Family,Duplex

Source Georgia MLS 2

Property Description

Imagine the satisfaction of owning a property that works for you, consistently generating income and building your wealth. Seize this opportunity to acquire a well-maintained duplex at 2609 Country Trace. Each spacious unit has 3-bedroom, 2-bathroom layout, complete with a cozy fireplace that adds a touch of home and enhances tenant appeal. With a proven rental history generating a solid $30,876 in 2024, this property offers immediate cash flow. Both units are currently leased, providing continuous income from day one. This duplex isn't just a property; it's a pathway to financial freedom. Whether you're a seasoned investor looking to expand your portfolio or a savvy first-time buyer seeking to offset your mortgage with rental income, this is your chance to secure a tangible asset in a promising location. The property's good condition minimizes immediate concerns, allowing you to focus on maximizing your returns. Appraised at $400,000. 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 15% expense ratio, operating expenses would be approximately $6,390, resulting in a Net Operating Income (NOI) of $36,210. This would raise the cap rate to 9.16%. With a $395,000 purchase price, a 20% down payment ($79,000), and an estimated annual debt service of $23,694, projected cash flow would increase to $12,516/year - delivering an improved cash-on-cash return of 15.8%. The area is also seeing rapid growth, with new jobs coming to major employers like 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.

Location

State GA

County Rockdale

Rooms

Basement None

Interior

Heating Central

Cooling Ceiling Fan(s), Central Air

Fireplace No

Exterior

Parking Features Assigned, Attached

Garage Spaces 2.0

Community Features None

Utilities Available Other

View Y/N No

Total Parking Spaces 2

Garage Yes

Private Pool No

Building

Faces Copy and Paste URL for GOOGLE MAPS https://g.co/kgs/TvHwnnz

Sewer Public Sewer

Water Public

Structure Type Brick,Concrete

New Construction No

Schools

Elementary Schools Peeks Chapel

Middle Schools Memorial

High Schools Salem

Others

HOA Fee Include None

Tax ID 077A020091

Special Listing Condition Resale

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Jenea Kennedy

Real Estate Advisor | License ID: 242671

+1(404) 304-8964

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Jenea Kennedy

2609 COUNTRY TRCE SE Conyers, GA 30013

Key Details

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Rooms

Interior

Exterior

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Schools

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