2638 Fieldstone View Lane SE
Conyers, GA 30013
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1982 build
- – on site
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!
Last checked:
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Last updated Nov 26, 2024
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MLS# 10418804 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1982
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Construction Materials:Vinyl Siding
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Structure Type:Quadruplex
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Levels:One and One Half
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Basement:None
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# of Units Total:4
Interior
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Green Energy Efficient:Appliances
Location
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Latitude:33.616574
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Longitude:-83.978329
The Property
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Property Type:Residential Income
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Property Condition:Updated/Remodeled
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Lot Size Acres:0.49
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Lot Size Source:Public Records
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Parcel Number:077-A-01-0079
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Land Lot:-
Listing Agent
- Contact info:
- Agent phone:
- (770) 509-0700
- Office phone:
- (770) 509-0700
Taxes
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Tax Year:2023
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Tax Annual Amount:$8,828
The Listing
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Virtual Tour URL Unbranded:
Heating & Cooling
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Heating:Forced Air, Natural Gas
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Cooling:Central Air
Utilities
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Utilities:Electricity Individual Meters, Gas Individual Meters, Sewer Connected, Water Individual Meters
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Sewer:Public Sewer
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Water Source:Public
Schools
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Elementary School:Peeks Chapel
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Middle School:Memorial
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High School:Salem
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District:-
The Community
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Subdivision:Fieldstone View
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Community Features:Park, Walk To Schools, Walk To Shopping
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Association:No
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Association Fee Includes:None
Parking
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Parking Features:Assigned
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Parking Total:4
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/25/24
Nov 25, 2024
|
Listed / Active | GAMLS | $749,500 | 57.8% (31.6% / YR) |
|
1/27/23
Jan 27, 2023
|
GAMLS | $475,000 | 8.0% | |
|
12/24/22
Dec 24, 2022
|
GAMLS | $440,000 |
