2609 Country Trace Se, Conyers, GA 30013
Local realty services provided by:Better Homes and Gardens Real Estate Metro Brokers
2609 Country Trace Se,Conyers, GA 30013
$390,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by:scott martineau678-780-0219
Office:atlanta communities
MLS#:7564936
Source:FIRSTMLS
Price summary
- Price:$390,000
About this home
Imagine the satisfaction of owning a property that works for you, consistently generating income and building your wealth. Seize this opportunity to acquire a well-maintained duplex at 2609 Country Trace. Each spacious unit has 3-bedroom, 2-bathroom layout, complete with a cozy fireplace that adds a touch of home and enhances tenant appeal. With a proven rental history generating a solid $30,876 in 2024, this property offers immediate cash flow. Both units are currently leased, providing continuous income from day one. This duplex isn't just a property; it's a pathway to financial freedom. Whether you're a seasoned investor looking to expand your portfolio or a savvy first-time buyer seeking to offset your mortgage with rental income, this is your chance to secure a tangible asset in a promising location. The property's good condition minimizes immediate concerns, allowing you to focus on maximizing your returns. Appraised at $400,000. MARKET RENT POTENTIAL: Average rents for 3-bedroom rentals in this area are currently around $1,775/month. At that rate, total monthly income would increase to $3,550, or $42,600 annually. With the same 15% expense ratio, operating expenses would be approximately $6,390, resulting in a Net Operating Income (NOI) of $36,210. This would raise the cap rate to 9.16%. With a $395,000 purchase price, a 20% down payment ($79,000), and an estimated annual debt service of $23,694, projected cash flow would increase to $12,516/year - delivering an improved cash-on-cash return of 15.8%. The area is also seeing rapid growth, with new jobs coming to major employers like Archer Aviation and Meta—all within a 10-minute drive. Plus, with average rents for 3-bedroom rentals in the area currently around $1,775, there’s clear potential for future rent increases.
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Home facts
- Year built:1985
- Listing Id #:7564936
- Updated:August 05, 2025 at 10:36 PM
Heating and cooling
- Cooling:Ceiling Fan(s), Central Air
- Heating:Central
Structure and exterior
- Roof:Composition, Shingle
- Year built:1985
- Lot area:0.49 Acres
Schools
- High school:Salem
- Middle school:Memorial
- Elementary school:Peek's Chapel
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer, Sewer Available
Finances and disclosures
- Price:$390,000
- Tax amount:$6,511 (2024)
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