GA
Rockdale
Conyers
30012
1204 Lakeview NW Drive
1204 Lakeview NW Drive, Conyers, GA 30012
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Listing Type
other
Listing Status
active
11
$3,485,000

Home Details for 1204 Lakeview NW Drive

Price
$3,485,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1968
Lot size acres
3
County
Rockdale
Garage
Days on site
170
MLS Listing#
7555085
Property Description

Discover an Unbeatable Opportunity at RIVERA PARK Apartment Homes! 24 UNIT INVESTMENT PROPERTY- PRICED TO SELL Nestled in the thriving, high-growth submarket of Conyers, Georgia, just 24 miles east of Atlanta, RIVERA PARK offers an exceptional investment opportunity that’s ready to deliver strong returns from day one! This stabilized, high-potential asset guarantees immediate cash flow while offering incredible upside potential for savvy investors. With rents currently under market at just $1200 and 4 units vacant, there’s a tremendous opportunity to boost income through strategic rental increases, filling vacancies, and implementing operational efficiencies. Additionally, the property’s excess land presents multiple value-creation possibilities, from development opportunities to further enhancements. This 24-unit building features exclusively spacious 2-bed, 1-bath units, each a generous 900 sqft, known for their ease of leasing, low maintenance needs, and strong demand. These units practically lease themselves and are highly sought after by renters! In 2023, the property underwent a transformative $800k+ renovation, elevating the interiors, exterior, landscaping, parking lot, and amenities, as well as adding a modern onsite office. The upgrades have made this property even more attractive, enhancing its long-term value. Priced to Sell at $3,485,000, with a recent appraisal of $4,292,905, this asset offers investors a golden opportunity to walk into instant equity. Key Highlights: * 7.6% Going-In Cap Rate * 8.8% Stabilized Cap Rate * 10%+ Cash-on-Cash Return Don’t miss out on this rare chance to capitalize on a property that blends immediate cash flow with huge growth potential. This is a must-see for any investor looking for a smart, high-reward acquisition!

Property Features
  • Utilities
    • Cable Available
    • Electricity Available
    • Natural Gas Available
  • Parking
    • Parking Lot
    • Paved
    • Driveway
  • Cooling Information
    • Ceiling Fan(s)
    • Central Air
  • Heating Information
    • Central
  • Water Features
    • Public
School Information
School Information for 1204 Lakeview NW Drive, Conyers, GA 30012
Elementary School
Flat Shoals - Rockdale
Middle School
Conyers
High School
Rockdale County
Listing Courtesy: Zach Taylor Real Estate - 855-261-2233
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Last Updated: 2025-04-21 11:37:05
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EXIT REALTY SELF PROPERTY ADVISORS
32 Macon Street, McDonough, GA 30253
Office
770 597 2888
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