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2609 Country Trce SE - 2609 Country Trace SE 2 Unit Apartment Building Offered at $400,000 at a 6.69% Cap Rate Conyers, GA 30013



EXECUTIVE SUMMARY
Fantastic investment opportunity with a solid 6.7% cap rate! This well-maintained duplex features two 3 bed / 2 bath units, each with a tastefully remodeled kitchen, living rooms with a fireplace, and large backyard. One unit is rented at $1,325 and the other at $1,330 per month, generating a total annual income of $31,860. With only 16% annual expenses, the property produces a healthy net operating income of $26,762. Perfect for investors seeking a turn-key, income-producing property, this home offers strong rental history, reliable tenants, and easy management. Don’t miss your chance to own a proven performer with steady cash flow and long-term growth potential. Pro Forma: At current market rents of $1,600 per unit, projected annual income increases to $38,400, resulting in an estimated net operating income of $32,256 and a potential cap rate of 8.1%. This provides exceptional upside for investors seeking both stability and appreciation in a growing rental market. MUST CLOSE AFTER 1/1/2026.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $400,000 | Property Type | Multifamily |
| Price Per Unit | $200,000 | Building Size | 3,360 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 6.69% | No. Stories | 2 |
| No. Units | 2 | Year Built | 1985 |
| Price | $400,000 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| Cap Rate | 6.69% |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 3,360 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1985 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | $1,350 | - |
| 3+2 | 1 | $1,250 | - |
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2609 Country Trce SE - 2609 Country Trace SE
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