2638 Fieldstone View LN SE Active Save Request In-Person Tour Request Virtual Tour
Conyers,GA 30013
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Fieldstone View
MLS Listing ID 7489165
Construction Status Updated/Remodeled
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1982
Annual Tax Amount $8,828
Tax Year 2023
Lot Size 0.490 Acres
Acres 0.49
Property Description
This fully renovated quadruplex in Conyers presents an exceptional investment opportunity, boasting a strong CAP rate of 6.64%. Appraised at $855,000 after $120,000 in renovations completed in early 2024, the property spans an impressive 5,334 square feet. Assuming a 6.3% interest rate and full occupancy, the property can generate a combined projected monthly income of $5,350 and an annual gross income of $64,200, including renting Unit A at an estimated $1,300/month. With estimated annual expenses of $16,050, the property delivers a Net Operating Income (NOI) of $48,150. Projected Growth and cap rate: leased on full occupany rents at $1,600 you will have a cap rate of 7.55% and a positive annual cash flow of $10,756. Recent upgrades include all-new or recently serviced AC units with a minimum life expectancy of seven years, ensuring low maintenance costs for years to come. The building features four well-designed units - two with 3 bedrooms and 2 baths, and two with 2 bedrooms and 2 baths. Each unit is thoughtfully appointed with modern kitchen appliances, spacious living rooms, and private patios overlooking a large shared yard. The property also offers private parking pads and backs onto a tranquil greenbelt, providing a peaceful environment that is highly attractive to tenants. Located just 12 minutes' drive from the newly established Archer Aerospace and Rivian manufacturing plant, which are collectively adding over 8,000 jobs to the area, the property benefits from robust tenant demand and growth in the local rental market. The combination of recent renovations, tenant-covered utilities, and a prime location makes this property a lucrative addition to any investment portfolio. Offering steady cash flow and long-term wealth-building potential, this high-performing investment property! Seller is willing to buy down rate with an acceptable offer.
Location
State GA
County Rockdale
Lake Name None
Interior
Heating Central,Forced Air,Natural Gas,Separate Meters
Cooling Central Air,Multi Units,Separate Meters
Window Features Double Pane Windows,Insulated Windows,Shutters
Exterior
Parking Features Driveway,Level Driveway,Paved,Varies by Unit
Fence None
Community Features Near Schools,Near Shopping,Near Trails/Greenway,Park
Utilities Available Cable Available,Electricity Available,Natural Gas Available,Sewer Available,Water Available
Waterfront Description None
View Other
Roof Type Composition
Accessibility Accessible Kitchen Appliances
Handicap Access Accessible Kitchen Appliances
Total Parking Spaces 4
Private Pool false
Building
Lot Description Level,Private
Story One and One Half
Sewer Public Sewer
Water Public
Level or Stories One and One Half
Structure Type Brick 3 Sides,Vinyl Siding
New Construction No
Construction Status Updated/Remodeled
Schools
Elementary Schools Peek'S Chapel
Middle Schools Memorial
High Schools Salem
Others
Senior Community no
Tax ID 077A010079
Special Listing Condition None