2124 Hickory BND SE Active Save Request In-Person Tour Request Virtual Tour
Conyers,GA 30013
Key Details
Property Type Multi-Family
Sub Type Multi Family,Duplex
Listing Status Active
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 four sided brick duplex, Each unit has 3 spacious bedrooms and 3-bathroom - each designed for comfort and convenience. Over $70,000 in renovations/upgrades in 2021 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.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%. . ***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