- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1985 build
- – on site
Imagine the satisfaction of owning a property that works for you, consistently generating income and building your wealth. Seize this opportunity to acquire a well-maintained duplex at 2609 Country Trace. Each spacious unit has 3-bedroom, 2-bathroom layout, complete with a cozy fireplace that adds a touch of home and enhances tenant appeal. With a proven rental history generating a solid $30,876 in 2024, this property offers immediate cash flow. Both units are currently leased, providing continuous income from day one. This duplex isn't just a property; it's a pathway to financial freedom. Whether you're a seasoned investor looking to expand your portfolio or a savvy first-time buyer seeking to offset your mortgage with rental income, this is your chance to secure a tangible asset in a promising location. The property's good condition minimizes immediate concerns, allowing you to focus on maximizing your returns. Appraised at $400,000. 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 15% expense ratio, operating expenses would be approximately $6,390, resulting in a Net Operating Income (NOI) of $36,210. This would raise the cap rate to 9.16%. With a $395,000 purchase price, a 20% down payment ($79,000), and an estimated annual debt service of $23,694, projected cash flow would increase to $12,516/year - delivering an improved cash-on-cash return of 15.8%. The area is also seeing rapid growth, with new jobs coming to major employers like 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.
Last checked:
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Last updated Jun 9, 2025
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MLS# 10539619 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1985
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Construction Materials:Brick, Concrete
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Structure Type:Duplex
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# of Units Total:2
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Levels:Two
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Basement:None
Interior
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Green Energy Efficient:Appliances, Insulation, Thermostat
Financial & Terms
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Possession:Close Of Escrow
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Owner Pays:Cable TV, Electricity, Sewer, Garbage, Water
Location
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Latitude:33.618728
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Longitude:-83.97956
The Property
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Property Type:Residential Income
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Property Condition:Resale
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Lot:215
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Lot Size Acres:0.49
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Lot Size Source:Public Records
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Parcel Number:077-A-02-0091
Listing Agent
- Contact info:
- Agent phone:
- (770) 240-2005
- Office phone:
- (770) 240-2005
Taxes
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Tax Year:2024
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Tax Annual Amount:$6,511
Heating & Cooling
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Heating:Central
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Cooling:Ceiling Fan(s), Central Air
Utilities
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Utilities:Other
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Sewer:Public Sewer
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Water Source:Public
Schools
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Elementary School:Peeks Chapel
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Elementary Bus:Yes
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Middle School:Memorial
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Middle School Bus:Yes
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High School:Salem
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High School Bus:Yes
The Community
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Subdivision:Country Walk At Fieldstone
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Community Features:None
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Association:No
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Association Fee Includes:None
Parking
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Parking Features:Assigned, Attached
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Parking Total:2
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).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/9/25
Jun 9, 2025
|
Listed / Active | GAMLS | $395,000 | 172.4% (25.2% / YR) |
8/6/18
Aug 6, 2018
|
FMLS | $145,000 |