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Naveen Sharma

naveen@fourpointrealty.com +1(732) 429-0939

$395,000

Est. payment - /mo

0.34 Acres Lot

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Key Details

Property Type Multi-Family

Sub Type Multi Family,Duplex

Listing Status New

Purchase Type For Sale

Subdivision Fieldstone View

MLS Listing ID 10814549

HOA Y/N No

Year Built 1979

Annual Tax Amount $5,532

Tax Year 2024

Lot Size 0.342 Acres

Acres 0.342

Lot Dimensions 14897.52

Property Sub-Type Multi Family,Duplex

Source Georgia MLS 2

Property Description

Welcome to this well-maintained, freshly updated four-sided brick duplex, where each 1,680 sq ft unit features 3 spacious bedrooms and 1.5 bathrooms designed for comfort and convenience. Over $30,000 in renovations and upgrades were completed in 2021, with additional recent updates including fresh interior paint, new bathroom vanities, and new carpet throughout the bedrooms. Inside, each unit offers a cozy family room with a fireplace, a functional kitchen with stainless steel appliances and generous cabinetry, and a dedicated laundry room. The bedrooms are filled with abundant natural light and feature new carpeting for added comfort. Outside, the fenced backyard provides a private space to relax or entertain, along with a covered porch. The area is also experiencing rapid growth, with 5,600 new jobs coming to major employers such as Rivian, Archer Aviation, and Meta, all within a 10-minute drive. Average rents for 3-bedroom rentals in the area are currently around $1,500/month, presenting strong upside potential for future rent increases. Whether you're seeking reliable rental income or a multi-generational living solution, this property offers an ideal combination of versatility, value, and steady returns. Unit 2609 currently rents for $1,230/month, and Unit 2611 is currently vacant. If unit 2611 is to rent for $1,230/month, generating approximately $29,520 in gross annual income. Estimated annual operating expenses are approximately 16% of gross income ($4,723), resulting in a Net Operating Income (NOI) of approximately $24,797. Based on a $395,000 purchase price, 20% down payment, 30-year amortization, and an estimated 6.3% interest rate, projected annual debt service is approximately $23,470. This results in an estimated annual cash flow of approximately $1,327 and a cap rate of approximately 6.3%, making this an attractive opportunity for investors seeking long-term appreciation with immediate income and upside potential. MARKET RENT POTENTIAL: With average 3-bedroom rents in the area currently around $1,500/month, total monthly rental income could increase to approximately $3,000/month or $36,000 annually. At market rents, the estimated NOI increases to approximately $30,240, annual cash flow improves to approximately $6,770, and the projected cap rate increases to approximately 7.7%, providing significant upside through future rent growth and increased returns.

Location

State GA

County Rockdale

Rooms

Bedroom Description No

Basement None

Interior

Heating Central

Cooling Central Air

Fireplace No

Exterior

Parking Features Parking Pad

Garage Spaces 2.0

Community Features None

Utilities Available Other

View Y/N No

Total Parking Spaces 2

Garage No

Private Pool No

Building

Faces From I-20 E, take exit 82 amd turn right onto GA-162 S. Next, turn right onto Golfview Drive SE and right onto Goldview Terrace SE. Home will be on the right!

Sewer Public Sewer

Water Public

Level or Stories Two

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 077A010004

Special Listing Condition Resale

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Naveen Sharma

+1(732) 429-0939

naveen@fourpointrealty.com

2611 Golfview TER SE Conyers, GA 30013

Naveen Sharma

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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2611 Golfview TER SE