Coldwell Banker Home Page
Local Realty Service Provided By: Coldwell Banker Realty
Property view
Listing view 2
Listing view 3

2124 Hickory Bend Se, 
Conyers, GA 30013

$420,000


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

Janice Overbeck

Julie Papevies

Keller Williams Realty Atl North

Last updated:

June 17, 2025, 09:40 PM

MLS#

7562389

Source:

FIRSTMLS

About This Home

2124 Hickory Bend Se

Welcome to this well-maintained duplex, offering two spacious 3-bedroom, 3-bathroom units - each designed for comfort and convenience. Over $70,000 in renovations/upgrades in 2021. 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%. 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. ***No showings until due diligence period. Please do not disturb tenants.***

Home Facts

Multi-Family

Built in 1984

Price Summary

420,000

MLS #:

7562389

Last Updated:

June 17, 2025, 09:40 PM


Structure

Structure

Year Built:

1984


Lot

Lot Size (Sq. Ft):

13,372


Finances & Disclosures

Finances

Price:

$420,000

MLS Logo
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here (https://www.fmls.com/dmca) to review our DMCA policy and learn how to submit a takedown request. ©2025 First Multiple Listing Service, Inc.

Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

 

Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.