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 7594537
Year Built 1982
Annual Tax Amount $7,500
Tax Year 2024
Lot Size 0.490 Acres
Property Sub-Type Quadruplex
Property Description
This fully renovated quadruplex has two units with 3 bedrooms and 2 baths, and two units with 3 bedrooms, one full bath and two half 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. This is an exceptional investment opportunity, boasting a strong CAP rate of 7.56%. 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 $5,360 and an annual gross income of $64,320. With an estimated annual expense rate of 16% of gross income ($10,291.20), the property delivers a Net Operating Income (NOI) of $54,028.80. Projected Growth and cap rate: leased on full occupany rents at $1,600 you will have a cap rate of 9.02% and a positive annual cash flow of $24,720. Offering steady cash flow and long-term wealth-building potential, this is a high-performing investment property! 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, as well as new flooring, new appliances, and freshly painted. ***No showings until due diligence period. All units are occupied. Please do not disturb tenants.*** Seller is willing to buy down rate with an acceptable offer.
Location
State GA
County Rockdale
Area Fieldstone View
Interior
Heating Central,Forced Air,Natural Gas,Separate Meters
Cooling Central Air,Multi Units,Separate Meters
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 Y/N Yes
View Other
Roof Type Composition
Building
Lot Description Level,Private
Story One and One Half
Sewer Public Sewer
Water Public
Structure Type Brick 3 Sides,Vinyl Siding
Schools
Elementary Schools Peek'S Chapel
Middle Schools Memorial
High Schools Salem