1204 Lakeview Drive Nw, Conyers, GA 30012
Local realty services provided by:Better Homes and Gardens Real Estate Metro Brokers
1204 Lakeview Drive Nw,Conyers, GA 30012
$3,485,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by:joshua ahlzadeh
Office:zach taylor real estate
MLS#:7555085
Source:FIRSTMLS
Price summary
- Price:$3,485,000
About this home
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!
Contact an agent
Home facts
- Year built:1968
- Listing Id #:7555085
- Updated:August 03, 2025 at 01:33 PM
Heating and cooling
- Cooling:Ceiling Fan(s), Central Air
- Heating:Central
Structure and exterior
- Roof:Shingle
- Year built:1968
- Lot area:3 Acres
Schools
- High school:Rockdale County
- Middle school:Conyers
- Elementary school:Flat Shoals - Rockdale
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$3,485,000
- Tax amount:$17,303 (2024)
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