1204 Lakeview Dr Nw, Conyers, GA

Name: 1204 Lakeview Dr Nw, For Sale in Conyers - eXp Realty
Brand: Zach Taylor Real Estate
SKU: 7555085
Price: 3485000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$3,485,000

000

MLS® 7555085

Key Facts
Description
Map

Key Facts

Type Other

Levels Residential Income

Size -

Garage No

HOA Fees

Taxes $17,303

Days Active 306

Approx. Age 1968

MLS® Number 7555085

Property Address: 1204 Lakeview Dr Nw, Conyers, GA, 30012-4468

Average square foot calculated using Size range provided by listing agent.

Description

Discover an Unbeatable Opportunity at RIVERA PARK Apartment Homes! 24 UNIT INVESTMENT PROPERTY- PRICED TO SELL Nestled in the thriving, high-growth submarket of Conyers, Georgia, just 24 miles east of Atlanta, RIVERA PARK offers an exceptional investment opportunity that’s ready to deliver strong returns from day one! This stabilized, high-potential asset guarantees immediate cash flow while offering incredible upside potential for savvy investors. With rents currently under market at just $1200 and 4 units vacant, there’s a tremendous opportunity to boost income through strategic rental increases, filling vacancies, and implementing operational efficiencies. Additionally, the property’s excess land presents multiple value-creation possibilities, from development opportunities to further enhancements. This 24-unit building features exclusively spacious 2-bed, 1-bath units, each a generous 900 sqft, known for their ease of leasing, low maintenance needs, and strong demand. These units practically lease themselves and are highly sought after by renters! In 2023, the property underwent a transformative $800k+ renovation, elevating the interiors, exterior, landscaping, parking lot, and amenities, as well as adding a modern onsite office. The upgrades have made this property even more attractive, enhancing its long-term value. Priced to Sell at $3, 485, 000, with a recent appraisal of $4, 292, 905, this asset offers investors a golden opportunity to walk into instant equity. Key Highlights: * 7.6% Going-In Cap Rate * 8.8% Stabilized Cap Rate * 10%+ Cash-on-Cash Return Don’t miss out on this rare chance to capitalize on a property that blends immediate cash flow with huge growth potential. This is a must-see for any investor looking for a smart, high-reward acquisition!

MLS® Number7555085

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1968

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Apr 6, 2025List Date

$3,485,000List Price

Commute

Commute

Starting Address

Destination Address

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