Perfect for investors! This brick duplex features two 3 bed / 1.5 bath units, each with a fireside living room and updated kitchens. Current rents are $1,160 and $1,602 per month, producing a gross annual income of $33,144. With a 6.5% interest rate, 16% expenses, and 20% down, it offers an estimated NOI of $27,845, an approximate cap rate of 7.4%, and annual cash flow around $4,935 after debt service. Pro Rata Potential: If both units were rented at $1,600, the NOI increases to $32,241, improving the cap rate to 8.5% and raising annual cash flow to about $9,350 making it a fantastic opportunity for strong investor returns!
Property Features
Utilities
Cable Available
Sewer Available
Water Available
Electricity Available
Cooling Information
Central Air
Heating Information
Central
Water Features
Public
Parking
Driveway
School Information
School Information for 2611 Golfview SE Terrace, Conyers, GA 30013
Elementary School
Peek's Chapel
Middle School
Memorial
High School
Salem
Listing Courtesy: Keller Williams Realty Atl North - 770-509-0700