Active
$749,500

2638 Fieldstone View Lane SE Conyers, GA 30013

2638 Fieldstone View Lane SE 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! Seller is willing to buy down rate with an acceptable offer.

Schools

  • Elementary
    Peek's Chapel
  • Middle
    Memorial
  • High
    Salem
  • Location

  • Subdivision
    Fieldstone View
  • Zip Code
    30013
  • City
    Conyers
  • County
    Rockdale - GA
  • Property Data

  • Status
    Active
  • MLS #
    7489165
  • Type
    Residential Income
  • Special
    Investor Owned
  • Exterior

  • Construction
    Brick 3 Sides, Vinyl Siding
  • Built In
    1982
  • Stories
    Array
  • Sewer
    Public Sewer
  • Parking
    Driveway, Level Driveway, Paved, Varies by Unit
  • Services
    Near Schools, Near Shopping, Near Trails/Greenway, Park
  • Utilities
    Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Lot Description
    Level, Private
  • Lot Dimensions
    124x19x155x142x152
  • Acres
    0.49
  • Listing Provided Courtesy Of: Keller Williams Realty Atl North 770-509-0700

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    Data Last updated on December 23, 2024 7:30pm

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