$3,485,000

1204 Lakeview Dr NW Conyers, GA 30012

Estimated payment $20,745/month

Total Views 4,744
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 3 Acre Lot
  • Property is near public transit
  • Community Playground
  • Clubhouse
  • No HOA
  • Park

About This Home

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!

Listing Agent

josh ahlzadeh

Zach Taylor Real Estate License #423295 Listed on: 04/06/2025

Zach Taylor Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,303

Year Built

  • Built in 1968 | Remodeled

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Ceiling Fan

Parking

  • 33 Parking Spaces
  • Assigned Parking

Location

  • Property is near public transit
  • Property is near schools
  • Property is near shops

Schools

  • Flat Shoals Elementary School
  • Conyers Middle School
  • Rockdale County High School

Additional Features

  • 3 Acre Lot
  • Central Heating and Cooling System

Community Details

Overview

  • No Home Owners Association
  • 24 Units

Amenities

  • Clubhouse

Recreation

  • Community Playground
  • Park

Building Details

  • Operating Expense $90,361
  • Gross Income $353,088

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,303

Year Built

Built in 1968 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1968
  • Levels: Two
  • Lot Size Acres: 3.00
  • Structure Type: Multi Family (5+ Units)
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: None

Exterior Features

  • Construction Materials: Brick
  • Property Condition: Updated/Remodeled

Garage/Parking

  • Parking Features: Assigned
  • ParkingTotal: 33

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Electricity Individual Meters, Gas Individual Meters, Sewer Connected, Water Individual Meters
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Clubhouse, Park, Playground, Sidewalks, Walk To Public Transit, Walk To Schools, Walk To Shopping

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Flat Shoals
  • High School: Rockdale County
  • Middle School: Conyers
  • Elementary School: Flat Shoals
  • Middle School: Conyers
  • High School: Rockdale County

Rental Info

  • Owner Pays: Sewer, Garbage

Tax Info

  • Year: 2024
  • Tax Annual Amount: 17303

Multi Family

  • GrossIncome: 353088
  • NumberOfUnitsTotal: 24
  • OperatingExpense: 90361

Map

Range of Values:

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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/06/2025 04/06/25 For Sale $3,485,000 0.0% --
06/17/2017 06/17/17 Rented $645 0.0% --
05/22/2017 05/22/17 For Rent $645 -- --
Source: Georgia MLS

Source: Georgia MLS

MLS Number: 10496333

Georgia MLS

Georgia Rockdale County Conyers 30012

1204 Lakeview Dr NW, Conyers, GA

This home is located at 1204 Lakeview Dr NW, Conyers, GA 30012 and is currently priced at $3,485,000. This property was built in 1968. 1204 Lakeview Dr NW is a home located in Rockdale County with nearby schools including Pine Street Elementary School, Conyers Middle School, and Rockdale County High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Georgia MLS The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Redfin are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2025 Georgia MLS. All rights reserved.

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Listing Agent
josh ahlzadeh
Section Image
Zach Taylor Real Estate
(470) 256-6358