2609 Country Trce Se, Conyers, GA

Name: 2609 Country Trce Se, For Sale in Conyers - eXp Commercial Brokerage
Brand: Atlanta Communities
SKU: 7564936
Price: 395000 CAD

Real Estate

For Sale

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Key Facts
Description
Map

Key Facts

Type Duplex

Levels Residential Income

Size -

Garage No

Taxes $6,511

Days Active 1

Lot Size

Approx. Age 1985

MLS® Number 7564936

Property Address:

Average square foot calculated using Size range provided by listing agent.

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.Show Description

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MLS® Number7564936

Laundry Level

Central VacNo

FireplaceNo

Acreage0.49

Exterior

GarageNo

Approx. Age1985

Basement

DrivewayPaved

Garage Spaces

HeatCentral

A/CCeiling Fan(s), Central Air

Heating Fuel

Extras

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