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Lender-Owned Income-Producing MF | ATL MSA 1204-1216 Lakeview Dr NW 24 Apartment Units Online Auction Sale Conyers, GA 30012
Investment Highlights
- Rivera Park Apartments at 1204-1216 Lakeview Dr NW is a 24-unit, three-building multifamily community spanning 22,644 square feet.
- Strong population growth and major employers like Meta, AWS, and Rivian position Rivera Park as an attainable-rent asset in metro Atlanta.
- Offering benefits from access to Rockdale County’s employment base, I-20 logistics activity, ongoing mobility planning, and limited comparable MF.
- Complex is 83.33% occupied, all two-bedroom units averaging 850 square feet, with in-place rents averaging $1,400 per month.
- Zoned RS-14 on 3 acres, the property offers a quiet suburban setting near Olde Town Conyers with quick I-20 access and a 35-minute drive to downtown.
- Also available for purchase as individual or portfolio: 3797 Glenwood Rd, 150 Fairfield Pl, and 3045 Semmes St. All based in the Atlanta MSA.
Executive Summary
With current occupancy of approximately 83%, Rivera Park Apartments at 1204–1216 Lakeview Drive NW offers buyers a compelling income-producing opportunity in Conyers, a growing Rockdale County submarket supported by affordability, connectivity, and steady regional expansion.
The property includes 24 units across three, two-story walk-up buildings totaling 22,644 square feet. All units are two-bedroom apartments with an average size of 850 square feet and an average in-place rent of $1,400 per month, supporting a year-one projected net operating income of more than $240,000. The 3-acre parcel is strategically located near the center of the submarket, with both Olde Town Conyers and Interstate 20 accessible in less than five minutes.
Conyers benefits from a strong eastern Atlanta growth, including DC BLOX’s hyperscale-ready Atlanta East data center campus in Rockdale County, Meta’s Stanton Springs data center presence in nearby Newton County, Amazon/AWS data center activity in Covington, Takeda’s major biomanufacturing facility, Piedmont Rockdale Hospital, and Rivian’s planned multibillion-dollar EV manufacturing campus east of Atlanta. The location also sits along the broader Atlanta-to-Savannah logistics spine, supported by Interstate 20 access, proximity to Atlanta’s regional distribution network, and Georgia Ports’ Savannah gateway, one of the nation’s largest container ports.
Rivera Park Apartments is positioned to benefit from continued household growth, attainable rental demand, and appreciation potential as Conyers captures additional investment along the Interstate 20 corridor. For investors, the asset combines current cash flow, operational upside, and exposure to a maturing east-metro submarket with improving infrastructure and a constrained competitive set.
Property tours are available by appointment only. Please contact the listing broker to schedule.
The property includes 24 units across three, two-story walk-up buildings totaling 22,644 square feet. All units are two-bedroom apartments with an average size of 850 square feet and an average in-place rent of $1,400 per month, supporting a year-one projected net operating income of more than $240,000. The 3-acre parcel is strategically located near the center of the submarket, with both Olde Town Conyers and Interstate 20 accessible in less than five minutes.
Conyers benefits from a strong eastern Atlanta growth, including DC BLOX’s hyperscale-ready Atlanta East data center campus in Rockdale County, Meta’s Stanton Springs data center presence in nearby Newton County, Amazon/AWS data center activity in Covington, Takeda’s major biomanufacturing facility, Piedmont Rockdale Hospital, and Rivian’s planned multibillion-dollar EV manufacturing campus east of Atlanta. The location also sits along the broader Atlanta-to-Savannah logistics spine, supported by Interstate 20 access, proximity to Atlanta’s regional distribution network, and Georgia Ports’ Savannah gateway, one of the nation’s largest container ports.
Rivera Park Apartments is positioned to benefit from continued household growth, attainable rental demand, and appreciation potential as Conyers captures additional investment along the Interstate 20 corridor. For investors, the asset combines current cash flow, operational upside, and exposure to a maturing east-metro submarket with improving infrastructure and a constrained competitive set.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
Market Analytics Click Here to Access
Property Facts
| Sale Type | Investment | Lot Size | 3.00 AC |
| Sale Condition | Auction Sale | Building Size | 22,644 SF |
| Type of Ownership | Fee Simple | Average Occupancy | 83% |
| No. Units | 24 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Parking Ratio | 1.46/1,000 SF |
| Apartment Style | Low-Rise | Parcel Number | C07-0-01-0026 |
| Building Class | B | ||
| Zoning | RS-14 - Residential | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 3.00 AC |
| Building Size | 22,644 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 1.46/1,000 SF |
| Zoning | RS-14 - Residential |
| Parcel Number | C07-0-01-0026 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Tub/Shower
- Carpet
- Dining Room
Site Amenities
- 24 Hour Access
- Picnic Area
- Playground
- Property Manager on Site
- Security System
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Fairly walkable
50/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Sale Advisor
Sale Advisor
Nick Steen, Senior Associate
Nick has worked in Commercial Real Estate for the last 10 years, both on the principal side, managing acquisitions, leasing, development, and asset strategy, as well as on the brokerage side, assisting property owners with capital markets debt and equity financing, public/private infrastructure financing, development management, JV formation, and investment sales. Nick has played an integral role in transactions totaling over $2 billion in the aggregate during his career and holds a degree in Political Science from the University of Miami and a Juris Doctor from the University of North Carolina at Chapel Hill.
About the Auction Technology
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Auction Contact
Casey Harrell
Contact
Auctioneer License:
Ten-X Commercial, LLC Jessica Anne Figueroa RE Brkr 75044. Ten-X Commercial, LLC Arlene Richardson Auction Firm AU003185
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
Contact the Sale Advisor
Lender-Owned Income-Producing MF | ATL MSA | 1204-1216 Lakeview Dr NW
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Lender-Owned Income-Producing MF | ATL MSA | 1204-1216 Lakeview Dr NW
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