1204 Lakeview Drive NW
Conyers, GA 30012
- – beds
- – baths
- ~3 acre lot
- 1968 build
- – on site
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 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!
Last checked:
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Last updated Apr 9, 2025
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MLS# 7555085 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1968
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Construction Materials:Brick
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# of Units Total:24
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Levels:Two
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Roof:Shingle
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Window Features:Aluminum Frames
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Security Features:Carbon Monoxide Detector(s)
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Accessibility Features:None
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Green Energy Efficient:None
Interior
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Furnished:Unfurnished
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Flooring:Luxury Vinyl
Location
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Directions:FROM CITY: 85south to 20 East Take exit 80 toward West Ave./Conyers onto Klondike Rd SW. Go for 0.8 mi. Then 0.8 mi Continue on Almand St NW. Go for 0.1 mi. Then 0.1 mi Turn slightly right onto Rosser St NW. Go for 433 ft. Then 0.08 mi Turn left onto N Main St NW. Go for 0.2 mi. Then 0.2 mi Turn right onto College Ave NW. Go for 420 ft. Then 0.08 mi Turn left onto Lakeview Dr NW. Go for 0.1 mi.
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Latitude:33.675739
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Longitude:-84.021084
The Property
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Parcel Number:C070010026
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Property Type:Residential Income
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Property Type:Residential Income
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Property Subtype:Other
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Property Condition:Updated/Remodeled
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Lot Features:Level
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Lot Size Acres:3
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Lot Size Dimensions:x
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Lot Size Source:Public Records
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View:City
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Fencing:Fenced
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Waterfront Features:None
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Water Body Name:None
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Property Attached:false
Listing Agent
- Contact info:
- Agent phone:
- (404) 580-8885
- Office phone:
- (855) 261-2233
Taxes
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Tax Year:2024
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Tax Annual Amount:17303
The Listing
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Virtual Tour URL Unbranded 2:https://www.propertypanorama.com/1204-Lakeview-Drive-NW-Conyers-GA-30012/unbranded
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Home Warranty:false
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Special Listing Conditions:None
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Special Circumstances:None
Heating & Cooling
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Cooling:Ceiling Fan(s)
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Heating:Central
Utilities
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Utilities:Cable Available
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Sewer:Public Sewer
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Water Source:Public
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Green Energy Generation:None
Schools
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Elementary School:Flat Shoals - Rockdale
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Middle Or Junior School:Conyers
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High School:Rockdale County
The Community
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Subdivision Name:N/A
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Community Features:Barbecue
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Association:false
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Pool Private:false
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Dock:None
Parking
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Parking Features:Level Driveway
Listing Provided Courtesy of Zach Taylor Real Estate
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website and 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 to review our DMCA policy and learn how to submit a takedown request. © 2025 First Multiple Listing Service, Inc.
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
