2638 Fieldstone View Lane SE
Conyers, GA 30013
- – beds
- – baths
- ~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 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.
Last checked:
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Last updated Apr 18, 2025
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MLS# 7519133 —
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:Brick 3 Sides
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# of Units Total:4
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Levels:One and One Half
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Roof:Composition
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Window Features:Double Pane Windows
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Security Features:Carbon Monoxide Detector(s)
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Accessibility Features:Accessible Kitchen Appliances
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Green Energy Efficient:Appliances
Location
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Directions:From I-20 E, take exit 84 and turn right onto GA-162 S. Then turn right onto Golfview Drive SE and left onto Fieldstone View Lane SE. Property will be on the right!
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Latitude:33.616548
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Longitude:-83.978372
The Property
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Parcel Number:077A010079
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Property Type:Residential Income
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Property Type:Residential Income
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Property Subtype:Quadruplex
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Property Condition:Resale
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Lot Features:Level
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Lot Size Acres:0.49
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Lot Size Dimensions:124x19x155x142x152
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Lot Size Source:Public Records
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View:Other
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Fencing:None
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Waterfront Features:None
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Water Body Name:None
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Property Attached:false
Listing Agent
- Contact info:
- Agent phone:
- (404) 800-3159
- Office phone:
- (770) 509-0700
Taxes
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Tax Year:2023
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Tax Annual Amount:8828
The Listing
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Virtual Tour URL Unbranded:https://my.matterport.com/show/?m=cFdviVujy3r&mls=1
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Virtual Tour URL Unbranded 2:https://www.propertypanorama.com/2638-Fieldstone-View-Lane-SE-Conyers-GA-30013/unbranded
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Home Warranty:false
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Special Listing Conditions:None
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Special Circumstances:Investor Owned
Heating & Cooling
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Cooling:Central Air
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Heating:Central
Utilities
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Utilities:Cable Available
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Sewer:Public Sewer
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Water Source:Public
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Green Energy Generation:None
Schools
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Elementary School:Peek's Chapel
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Middle Or Junior School:Memorial
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High School:Salem
The Community
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Subdivision Name:Fieldstone View
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Community Features:Near Schools
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Association:false
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Pool Private:false
Parking
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Parking Total:4
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Parking Features:Driveway
Listing Provided Courtesy of Keller Williams Realty Atl North
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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).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
