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$705,000

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0.49 Acres Lot

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2638 Fieldstone View LN SE Conyers, GA 30013

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Casandra Dean

casandra@deanteamga.com +1(470) 336-3251

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Fieldstone View

MLS Listing ID 7594537

Construction Status Resale

HOA Y/N No

Year Built 1982

Annual Tax Amount $7,500

Tax Year 2024

Lot Size 0.490 Acres

Acres 0.49

Property Sub-Type Quadruplex

Source First Multiple Listing Service

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

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 Y/N Yes

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

Construction Status Resale

Schools

Elementary Schools Peek'S Chapel

Middle Schools Memorial

High Schools Salem

Others

Senior Community no

Tax ID 077A010079

Listed by Keller Williams Realty Atl North

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Casandra Dean

Broker | License ID: 384394

+1(470) 336-3251

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