USAGAConyersCountry Walk at Fieldstone2124 Hickory Bnd Se

2124 Hickory Bnd Se, Conyers, GA

Name: 2124 Hickory Bnd Se, Sold in Conyers - eXp Realty
Brand: Keller Williams Realty Atlanta North
SKU: 10545497
Price: 410000 USD

Real Estate

Sold

Listed price in listed location currency (USD).

$409,000

$410,000

004

MLS® 10545497

Key Facts
Description
Map

Key Facts

Type Other

Levels Residential Income

Size -

Garage No

Taxes $7,506

Lot Size 0.307 acres

Approx. Age 1984

MLS® Number 10545497

Property Address: 2124 Hickory Bnd Se, Conyers, GA, 30013-2154

Average square foot calculated using Size range provided by listing agent.

Description

Welcome to this well-maintained four-sided brick duplex, where each 2048 sqft unit has 3 spacious bedrooms and 3-bathroom - each designed for comfort and convenience. Over $70, 000 in renovations/upgrades in 2021 Inside, each unit features a cozy family room with a fireplace, a functional kitchen with black appliances and generous cabinetry, and a dedicated laundry room. Bedrooms are comfortably carpeted with ceiling fans throughout, while each primary suite offers a spacious walk-in closet and abundant natural light. Outside, the fenced backyard provides a private space to relax or entertain. The area is also seeing rapid growth, with 5, 600 new jobs coming to major employers like Rivian, 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. Whether you're seeking rental income or a multi-generational living solution, this property offers the ideal combination of versatility, value, and steady returns.Unit A rents for $1, 560/month and Unit B for $1, 657/month, generating a total monthly income of $3, 217, or $38, 604 annually. With estimated annual expenses at 16% of gross income ($6, 176.64), this property delivers a solid Net Operating Income of $32, 427.36 and a cap rate of approximately of 7.91%. Assuming a 20% down payment and a 30-year fixed mortgage at a 6.5% interest rate, annual debt service is estimated at $24, 872.40. This results in an estimated pre-tax cash flow of approximately $630/month or $7, 555/year in the first year - making this duplex a compelling option for investors seeking steady returns. 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 16% expense ratio, operating expenses would be approximately $6, 816, resulting in a Net Operating Income (NOI) of $35, 784. This would raise the cap rate to 8.73%. With a $410, 00 purchase price, a 20% down payment ($82, 000), and an estimated annual debt service of $24, 864, projected cash flow would increase to $10, 920/year - delivering an improved cash-on-cash return of 13.3%. . ***No showings until due diligence period. Please do not disturb tenants.*

MLS® Number10545497

Laundry Level

Central VacNo

FireplaceNo

Acreage0.307

Exterior

GarageNo

Approx. Age1984

BasementNone

DrivewayKitchen Level

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Similar Listings

Price History

Aug 16, 2025End Date

$409,000Sold Price

Sold

Jun 17, 2025List Date

$410,000List Price

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Starting Address

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