1204 Lakeview Drive NW Conyers, GA 30012
MULTI_FAMILY - Conyers, GA
Property size:
900 SFLot size:
3.00 AcresPrice / SF:
$3,398/SF- Added:
- Apr 6, 2025
- Days on Market:
- 397
- Last Refresh:
- May 7 at 12:06 am
Property Features for 1204 Lakeview Drive NW
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway, Parking Lot
- Window features
- Double Pane Windows, Aluminum Frames
- Fencing
- Fenced
- 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
- Utilities
- Cable Available
- 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
- 4
- Flooring type
- Vinyl
- Building materials
- Brick
- Roof type
- Shingle
Listing agent Joshua Ahlzadeh (727) 692-6578
Listing office Zach Taylor Real Estate 6935 S Sweetwater Road, Murfreesboro, GA (855) 261-2233
Listing date Apr 6, 2025
MLS# 7555085
Listing URL
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HighLights
- Priced below recent appraisal: Available at $3,485,000 with instant equity.
- High‑return investment opportunity: 7.6% going‑in cap rate and potential for 10%+ cash‑on‑cash return.
- Recently renovated: $800k+ renovation in 2023.
- Strong income potential: Below‑market rents ($1200) and 4 vacant units offer significant upside.
- Spacious and desirable units: Features 24 large (900 sqft) 2‑bed, 1‑bath units.
- Excess land: Presents opportunities for development.
Overview
Conyers Multifamily Investment Opportunity
Rivera Park Apartment Homes, located in Conyers, Georgia, approximately 24 miles east of Atlanta, presents a multifamily investment opportunity. The property features 24 units, each with 2 bedrooms and 1 bathroom, and a size of 900 square feet. The units are known for their ease of leasing and strong demand. The property, situated on a 3-acre lot, underwent renovations in 2023 with over $800,000 invested in interior, exterior, landscaping, parking lot, and amenity upgrades, including the addition of an on-site office. The property offers potential for rental increases and operational efficiencies. There is also excess land that presents value-creation possibilities. The property is intended for use as an apartment building and residential income property.
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
- -84.021084
- Latitude
- 33.675739
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 24-unit apartment complex in Conyers, Georgia, with immediate cash flow.
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 $3,059,000.
What are key features of this property?
This property features: Priced below recent appraisal: Available at $3,485,000 with instant equity.; High‑return investment opportunity: 7.6% going‑in cap rate and potential for 10%+ cash‑on‑cash return.; Recently renovated: $800k+ renovation in 2023.
