404.352.2010
customerservice(at)dorseyalston(dotted)com
BUCKHEAD OFFICE:
100 West Paces Ferry Rd NW,
Atlanta, GA 30305
404.352.2010
East Cobb Office:
1000 Johnson Ferry Rd,
Bldg G, Marietta, GA 30068
404.352.2012
Intown Office:
853 N Highland Ave
NE, Atlanta, GA 30306
404.352.2010

Main Content

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    [description] => Discover an Unbeatable Opportunity at RIVERA PARK Apartment Homes!

24 UNIT INVESTMENT PROPERTY- PRICED TO SELL 

Nestled in the thriving, high-growth submarket of Conyers, Georgia, just 24 miles east of Atlanta, RIVERA PARK offers an exceptional investment opportunity that’s 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, there’s a tremendous opportunity to boost income through strategic rental increases, filling vacancies, and implementing operational efficiencies. Additionally, the property’s 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
Don’t 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!
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1204 Lakeview Drive NW, Conyers, GA 30012

Price

$3,485,000

Property Video

Property Details for 1204 Lakeview Drive NW

Lakeview Drive NW N/a

MLS#7555085

Save Property
Discover an Unbeatable Opportunity at RIVERA PARK Apartment Homes! 24 UNIT INVESTMENT PROPERTY- PRICED TO SELL Nestled in the thriving, high-growth submarket of Conyers, Georgia, just 24 miles east of Atlanta, RIVERA PARK offers an exceptional investment opportunity that’s 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, there’s a tremendous opportunity to boost income through strategic rental increases, filling vacancies, and implementing operational efficiencies. Additionally, the property’s 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 Don’t 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 Agents

Exterior Details

ConstructionBrick
Built In1968
StoriesTwo
ParkingLevel Driveway, Parking Lot, Paved
ServicesBarbecue, Clubhouse, Near Public Transport, Near Schools, Near Shopping, Near Trails/Greenway, Park, Playground, Restaurant, Sidewalks
UtilitiesCable Available, Electricity Available, Natural Gas Available
SewerPublic Sewer
Lot DescriptionLevel, Private, Wooded
Lot Dimensionsx
Acres3

Location

Subdivision N/a
Zip Code 30012
City Conyers
County Rockdale - GA

Schools

Elementary Flat Shoals - Rockdale
Junior Conyers
High Rockdale County

First Multiple Listing Service

Listing Provided Courtesy Of: Zach Taylor Real Estate 855-261-2233

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This property information delivered from various sources that may include, but not be limited to, county records and the multiple listing service. Although the information is believed to be reliable, it is not warranted and you should not rely upon it without independent verification. Property information is subject to errors, omissions, changes, including price, or withdrawal without notice.

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Data Last updated on April 16, 2025 7:29pm

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