2638 Fieldstone View, Conyers GA 30013

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$749,500

2638 Fieldstone View, Conyers, GA 30013

bedrooms

bathrooms

square feet

Acreage

0.49

Open Houses

year built

1982

Full Baths

Half Baths

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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
Subdivision	Fieldstone View
County	Rockdale
Elementary School	Peeks Chapel
Middle School	Memorial
High School	Salem

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Open houses

None scheduled.

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MLS number: 10418804

Listing agent: Janice Overbeck

Listing broker: Realty East Cobb Dba Keller Williams Realty Atlanta North (770) 509-0700

Copyright © 2024 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Wednesday, November 27 2024 at 5:21 p.m. EST

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