$749,500
For Sale

2638 Fieldstone View Lane SE

Conyers, GA 30013
Browse 34 photos
Type:Multi-Family
Structure:4 Family
Zone:Residential

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!

  • Property Details
      • Utility FeaturesCable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
      • Parking FeaturesDriveway, Level Driveway, Paved, Varies by Unit
      • Property ConditionUpdated/Remodeled
      • SubdivisionFieldstone View
      • Lot DescriptionLevel, Private
      • Elementary SchoolPeek's Chapel
      • CountyRockdale - GA
      • Property TypeMulti-Family
      • Sewer InformationPublic Sewer
      • Property SubtypeQuadruplex
      • Parking TypeDriveway
      • Middle SchoolMemorial
      • Original List Price$749,500
      • MLS #7489165
      • MLS #7489165
      • Utility SourcePublic
      • Taxes Annual$8,828
      • Cost749500
      • ViewOther
      • High SchoolSalem
      • Acres0.49
      • Year Built1982

Location

Stephanie ClouseReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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