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Daphne Howell

howelldr2020@yahoo.com +1(404) 934-4733

$ 420,000

Est. payment -/mo

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New

2124 Hickory BND SE Conyers, GA 30013

0.31 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 10545497

HOA Y/N No

Year Built 1984

Annual Tax Amount $7,506

Tax Year 2024

Lot Size 0.307 Acres

Acres 0.307

Lot Dimensions 13372.92

Property Sub-Type Multi Family,Duplex

Source Georgia MLS 2

Property Description

Welcome to this well-maintained duplex, offering two spacious 3-bedroom, 3-bathroom units - each designed for comfort and convenience. Over $70,000 in renovations/upgrades in 2021. Unit A rents for $1,560/month and Unit B for $1,657/month, generating a total monthly income of $3,217, or $38,604 annually. With estimated annual expenses at 16% of gross income ($6,176.64), this property delivers a solid Net Operating Income of $32,427.36 and a cap rate of approximately of 7.91%. Assuming a 20% down payment and a 30-year fixed mortgage at a 6.5% interest rate, annual debt service is estimated at $24,872.40. This results in an estimated pre-tax cash flow of approximately $630/month or $7,555/year in the first year - making this duplex a compelling option for investors seeking steady returns. 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 16% expense ratio, operating expenses would be approximately $6,816, resulting in a Net Operating Income (NOI) of $35,784. This would raise the cap rate to 8.73%. With a $410,00 purchase price, a 20% down payment ($82,000), and an estimated annual debt service of $24,864, projected cash flow would increase to $10,920/year - delivering an improved cash-on-cash return of 13.3%. Inside, each unit features a cozy family room with a fireplace, a functional kitchen with black appliances and generous cabinetry, and a dedicated laundry room. Bedrooms are comfortably carpeted with ceiling fans throughout, while each primary suite offers a spacious walk-in closet and abundant natural light. Outside, the fenced backyard provides a private space to relax or entertain. The area is also seeing rapid growth, with 5,600 new jobs coming to major employers like Rivian, 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. Whether you're seeking rental income or a multi-generational living solution, this property offers the ideal combination of versatility, value, and steady returns. ***No showings until due diligence period. Please do not disturb tenants.***

Location

State GA

County Rockdale

Rooms

Basement None

Interior

Heating Central, Forced Air

Cooling Ceiling Fan(s), Central Air

Fireplace No

Exterior

Parking Features Kitchen Level

Garage Spaces 4.0

Community Features None

Utilities Available Other

View Y/N No

Total Parking Spaces 4

Garage No

Private Pool No

Building

Faces From I-20 E, take exit 84 and turn right on GA-162 S. Then turn right on Mc Calla Rd SE, right on Briar Hil Ln, and right onto Hickory Bend SE. Duplex wil be on the left!

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction No

Schools

Elementary Schools Peeks Chapel

Middle Schools Memorial

High Schools Salem

Others

HOA Fee Include None

Tax ID 077A020064

Special Listing Condition Resale

Daphne Howell

Broker Associate

+1(404) 934-4733

Daphne Howell

2124 Hickory BND SE Conyers, GA 30013

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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2124 Hickory BND SE