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2611 Golfview Ter SE - 2611 Golfview Terrace SE 2 Unit Apartment Building Offered at $372,500 at a 7.50% Cap Rate Conyers, GA 30013
Executive Summary
Perfect for investors, this brick duplex features two 3 bed / 1.5 bath units, each offering a fireside living room and updated kitchens. The property produces approximately $33,144 in gross annual income, with estimated annual expenses of 16% ($5,303), resulting in an NOI of approximately $27,841. Based on 20% down, a 30 year amortization, and an estimated 6.3% interest rate, projected annual debt service is approximately $22,050, yielding estimated annual cash flow of $5,791 and a cap rate near 7.5%.
Located just a 12 minute drive from the newly established Archer Aerospace and Rivian manufacturing plant, collectively adding over 8,000 jobs to the area, the property benefits from strong tenant demand and continued growth in the local rental market, making it a solid opportunity for consistent income and long term performance.
Located just a 12 minute drive from the newly established Archer Aerospace and Rivian manufacturing plant, collectively adding over 8,000 jobs to the area, the property benefits from strong tenant demand and continued growth in the local rental market, making it a solid opportunity for consistent income and long term performance.
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 | $372,500 | Property Type | |
| Price Per Unit | $186,250 | Building Size | 2,778 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 7.50% | No. Stories | 2 |
| No. Units | 2 | Year Built | 1979 |
| Price | $372,500 |
| Price Per Unit | $186,250 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| No. Units | 2 |
| Property Type | |
| Building Size | 2,778 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1979 |
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Property Taxes
| Parcel Number | 077-A-01-0004 | Improvements Assessment | $92,960 (2025) |
| Land Assessment | $46,160 (2025) | Total Assessment | $139,120 (2025) |
Property Taxes
Parcel Number
077-A-01-0004
Land Assessment
$46,160 (2025)
Improvements Assessment
$92,960 (2025)
Total Assessment
$139,120 (2025)
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2611 Golfview Ter SE - 2611 Golfview Terrace SE
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