2638 Fieldstone View LN SE new Save Request In-Person Tour Request Virtual Tour
Conyers,GA 30013
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Fieldstone View
MLS Listing ID 10418804
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1982
Annual Tax Amount $8,828
Tax Year 2023
Lot Size 0.490 Acres
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
Rooms
Basement None
Interior
Heating Central,Forced Air,Natural Gas
Cooling Central Air
Exterior
Garage Assigned
Garage Spaces 4.0
Community Features Park,Walk To Schools,Walk To Shopping
Utilities Available Electricity Individual Meters,Gas Individual Meters,Sewer Connected,Water Individual Meters
Building
Story One and One Half
Sewer Public Sewer
Level or Stories One and One Half
Construction Status Updated/Remodeled
Schools
Elementary Schools Peeks Chapel
Middle Schools Memorial
High Schools Salem
Others
Special Listing Condition Investor Owned