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Listed by Janice Overbeck • Keller Williams Rlty-Atl.North

$749,500

Est. payment - /mo

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0.49 Acres Lot

Active

2638 Fieldstone View LN SE Conyers, GA 30013

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Michael Stansky

michael@localathensrealestate.com +1(706) 309-0448

UPDATED:

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 Forced Air, Natural Gas

Cooling Central Air

Exterior

Parking Features 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

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Michael Stansky

Agent | License ID: 403637

+1(706) 309-0448