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2638 Fieldstone View LN SE Conyers, GA 30013

0.49 Acres Lot

UPDATED:

11/26/2024 07:37 PM

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!

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 Central Living Area, Accessible Kitchen Appliances

Handicap Access Central Living Area, 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

Listed by Keller Williams Realty Atl North

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2638 Fieldstone View LN SE Conyers, GA 30013

Key Details

Location

Interior

Exterior

Building

Schools

Others

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2638 Fieldstone View LN SE