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$409,000 $410,000 0.2%
Est.Price: ?

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2124 Hickory BND SE Conyers, GA 30013
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GA > Conyers > Country Walk At Fieldstone
Conyers, GA 30013,2124 Hickory BND SE
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Conyers, GA 30013,2124 Hickory BND SE
Conyers, GA 30013,2124 Hickory BND SE
Conyers, GA 30013,2124 Hickory BND SE
Conyers, GA 30013,2124 Hickory BND SE

$409,000

Est. payment /mo

$410,000

0.2%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

2124 Hickory BND SE Conyers, GA 30013

0.31 Acres Lot

SOLD DATE : 09/16/2025

Key Details

Sold Price $409,000

Property Type Multi-Family

Sub Type Multi Family,Duplex

Listing Status Sold

Purchase Type For Sale

Subdivision Country Walk At Fieldstone

MLS Listing ID 10545497

Year Built 1984

Annual Tax Amount $7,506

Tax Year 2024

Lot Size 0.307 Acres

Property Sub-Type Multi Family,Duplex

Property Description

Welcome to this well-maintained four-sided brick duplex, where each 2048 sqft 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

Interior

Heating Central, Forced Air

Cooling Ceiling Fan(s), Central Air

Exterior

Parking Features Kitchen Level

Garage Spaces 4.0

Community Features None

Utilities Available Other

View Y/N No

Building

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction No

Schools

Elementary Schools Peeks Chapel

Middle Schools Memorial

High Schools Salem

Others

Special Listing Condition Resale

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