2638 Fieldstone View Ln SE
Conyers, GA 30013
2 Beds2 Baths1,296 Sq Ft102 Days on Market
For Sale $715,000
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Courtesy of Keller Williams Rlty-Atl.North
Listing Agent & Comments
Janice Overbeck • Keller Williams Rlty-Atl.North
770-509-0700 • offers@janiceoverbeck.com License #338011This fully renovated quadruplex in Conyers presents 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. 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! ***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.
MLS# 10453336 • Data provided by GAMLS
Living Area | 1,296 Sq.Ft. |
---|---|
Lot Size | 0.5 Acres |
Total Rooms | 4 |
Bedrooms | 2 |
Bathrooms | 2 |
Stories | 1 |
Year Built | 1982 |
Property Type | Multifamily |
Zoning | R3 |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | None |
Tax Year | 2024 |
Tax Amount | $7,500 |
Property in Flood Zone | -- |
Data provided by GAMLS.
We’ll connect you with top agents in your area.
More Information On This Home
This home's estimated value
$701,108
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Crime reports
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HouseCanary, Inc. Brokerage
2638 Fieldstone View Ln SE, Conyers, GA 30013
Multifamily2 Beds2 Baths1,296 Sq Ft102 Days on Market
Listing Agent & Comments
Janice Overbeck • Keller Williams Rlty-Atl.North
770-509-0700 • offers@janiceoverbeck.com License #338011This fully renovated quadruplex in Conyers presents 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. 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! ***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.
MLS# 10453336 • Data provided by GAMLS
Living Area | 1,296 Sq.Ft. |
---|---|
Lot Size | 0.5 Acres |
Total Rooms | 4 |
Bedrooms | 2 |
Bathrooms | 2 |
Stories | 1 |
Year Built | 1982 |
Property Type | Multifamily |
Zoning | R3 |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | None |
Tax Year | 2024 |
Tax Amount | $7,500 |
Property in Flood Zone | -- |
Data provided by GAMLS.
We’ll connect you with top agents in your area.
This property is missing data for:
Crime reports
New
Do you own this home?
Access your homeowner dashboard
For Sale $715,000
Request tour
Save
Courtesy of Keller Williams Rlty-Atl.North
2638 Fieldstone View Ln SE
Conyers, GA 30013
2 Beds2 Baths1,296 Sq Ft102 Days on Market
Listing Agent & Comments
Janice Overbeck • Keller Williams Rlty-Atl.North
770-509-0700 • offers@janiceoverbeck.com License #338011This fully renovated quadruplex in Conyers presents 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. 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! ***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.
MLS# 10453336 • Data provided by GAMLS
Living Area | 1,296 Sq.Ft. |
---|---|
Lot Size | 0.5 Acres |
Total Rooms | 4 |
Bedrooms | 2 |
Bathrooms | 2 |
Stories | 1 |
Year Built | 1982 |
Property Type | Multifamily |
Zoning | R3 |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | None |
Tax Year | 2024 |
Tax Amount | $7,500 |
Property in Flood Zone | -- |
Data provided by GAMLS.
We’ll connect you with top agents in your area.
More Information On This Home
This home's estimated value
$701,108
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Crime reports
New
Do you own this home?
Access your homeowner dashboard
For Sale $715,000
Request tour
Save
Courtesy of Keller Williams Rlty-Atl.North