Homes for sale - 2124 Hickory BND SE, Conyers, GA 30013

Additional details

Rains Team

info@therainsteam.com +1(404) 620-4571

$420,000

Est. payment - /mo

0.31 Acres Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision Country Walk At Fieldstone

MLS Listing ID 7562389

Construction Status Resale

HOA Y/N No

Year Built 1984

Annual Tax Amount $7,506

Tax Year 2024

Lot Size 0.307 Acres

Acres 0.307

Property Sub-Type Duplex

Source First Multiple Listing Service

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

Area Country Walk At Fieldstone

Lake Name None

Interior

Heating Forced Air, Central

Cooling Ceiling Fan(s), Central Air

Window Features None

Exterior

Parking Features Driveway, Level Driveway

Fence Fenced, Back Yard

Community Features None

Utilities Available Electricity Available, Sewer Available, Water Available

Waterfront Description None

View Y/N Yes

View Other

Roof Type Composition

Accessibility None

Handicap Access None

Private Pool false

Building

Lot Description Level, Corner Lot

Story Two

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Brick 4 Sides

Construction Status Resale

Schools

Elementary Schools Peek'S Chapel

Middle Schools Memorial

High Schools Salem

Others

Senior Community no

Tax ID 077A020064

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Listed by Keller Williams Realty Atl North

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Rains Team

+1(404) 620-4571

Broker | License ID: 299301

Broker License ID: 299301

2124 Hickory BND SE Conyers, GA 30013

Rains Team

Key Details

Location

Interior

Exterior

Building

Schools

Others

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