1204 Lakeview Drive NW Conyers, GA 30012
- Added:
- Apr 6, 2025
- Days on Market:
- 388
- Last Refresh:
- Apr 28 at 1:06 am
Property Features for 1204 Lakeview Drive NW
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 33
- Parking features
- Assigned
- Standard status
- Active
- APN
- C070010026
- Size
- 900 SF
- Lot size
- 3.00 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 17303
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1968
- Floors in Building
- 2
- Number of units
- 24
- Building materials
- Brick
Listing agent Joshua Ahlzadeh (404) 580-8885
Listing office Zach Taylor Real Estate 6935 S Sweetwater Road, Lithia Springs, GA (855) 261-2233
Listing date Apr 6, 2025
MLS# 10496333
Listing URL
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Overview
Rivera Park Apartment Homes Investment
Rivera Park Apartment Homes, located in Conyers, Georgia, approximately 24 miles east of Atlanta, presents an investment opportunity. This stabilized asset offers immediate cash flow with potential for income growth through rental increases and vacancy fills. The property consists of 24 units, each featuring 2 bedrooms and 1 bathroom within a 900 sqft layout. These units are known for ease of leasing and strong renter demand. In 2023, the property underwent renovations exceeding $800,000, which included upgrades to the interiors, exterior, landscaping, parking lot, and amenities, as well as the addition of an on-site office. The property includes excess land, presenting opportunities for development and enhancements. The property is situated on a 3-acre lot. The property is intended for use as an apartment complex.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Rivera Park Apartments
Apartment Complex
Location Insight
- Map
- Local Demand
- City
- Conyers
- County
- Rockdale
- State
- Georgia
- Longitude
- -84.020648
- Latitude
- 33.675508
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 24-unit apartment complex in Conyers, GA with high growth potential.
Where is this apartment building located?
The property is located at 1204 Lakeview Drive NW Conyers, GA.
What is the asking price?
The asking price for this property is $3,485,000.
What are key features of this property?
This property features: Significant Value‑Add Opportunity: Below‑market rents and 4 vacant units present immediate potential to increase income.; **Instant Equity:** Priced below recent appraisal, offering immediate equity upon purchase.; **High‑Return Potential:** Offers a 7.6% Going‑In Cap Rate, an 8.8% Stabilized Cap Rate, and a potential for 10%+ Cash‑on‑Cash Return.
