Discover an Unbeatable Opportunity at RIVERA PARK Apartment Homes! Nestled in the thriving, high-growth submarket of Conyers, Georgia, just 24 miles east of Atlanta, RIVERA PARK offers an exceptional investment opportunity thatCOs 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, thereCOs a tremendous opportunity to boost income through strategic rental increases, filling vacancies, and implementing operational efficiencies. Additionally, the propertyCOs 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 DonCOt 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!
Active
$3,485,000
1204 Lakeview Dr NW, Conyers, GA 30012
--beds
--baths
--sqft
Est.:
Multi Family
Built in 1968
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Modern onsite office
- 134 days
- on Zillow |
- 255 |
- 21 |
Zillow last checked: 7 hours ago
Listing updated: April 21, 2025 at 10:06pm
Listed by:
Joshua Ahlzadeh 404-580-8885,
Zach Taylor Real Estate
Source: GAMLS,MLS#: 10496333

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Heating
- Central
Cooling
- Ceiling Fan(s), Central Air
Features
- Basement: None
- Has fireplace: No
Property
Parking
- Total spaces: 33
- Parking features: Assigned
Features
- Levels: Two
- Stories: 2
- Body of water: None
Lot
- Size: 3 Acres
Details
- Parcel number: C070010026
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1968
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Individual Meters, Gas Individual Meters, Sewer Connected, Water Individual Meters
Community & HOA
Community
- Features: Clubhouse, Park, Playground, Sidewalks, Near Public Transport, Walk To Schools, Near Shopping
- Subdivision: None
HOA
- Has HOA: No
- Services included: None
Location
- Region: Conyers
Financial & listing details
- Annual tax amount: $17,303
- Date on market: 4/6/2025
- Listing agreement: Exclusive Right To Sell
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