Skip main navigation
Active
  • $3,485,000

    1204 Lakeview Dr NW, Conyers, GA 30012

    --beds
    --baths
    --sqft
    : 
    Multi Family
    Built in 1968
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Modern onsite office
    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!
    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#: 10496333MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 1204 Lakeview Dr NW.

    Next available tour time:Today at 5:30pm

    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
    • Loading
    • Loading