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2611 Golfview Ter SE - 2611 Golfview Terrace SE 2 Unit Apartment Building Offered at $377,500 Conyers, GA 30013
EXECUTIVE SUMMARY
Perfect for investors! This brick duplex features two 3 bed / 1.5 bath units, each with a fireside living room and updated kitchens. Current rents are $1,160 and $1,602 per month, producing a gross annual income of $33,144. With a 6.5% interest rate, 16% expenses, and 20% down, it offers an estimated NOI of $27,845, an approximate cap rate of 7.4%, and annual cash flow around $4,935 after debt service. Pro Rata Potential: If both units were rented at $1,600, the NOI increases to $32,241, improving the cap rate to 8.5% and raising annual cash flow to about $9,350 making it a fantastic opportunity for strong investor returns!
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 | $377,500 | Building Size | 2,778 SF |
| Price Per Unit | $188,750 | Average Occupancy | 100% |
| Sale Type | Investment | No. Stories | 2 |
| No. Units | 2 | Year Built | 1979 |
| Property Type |
| Price | $377,500 |
| Price Per Unit | $188,750 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | |
| Building Size | 2,778 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1979 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1.5 | 1 | $1,195 | - |
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2611 Golfview Ter SE - 2611 Golfview Terrace SE
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