2638 Fieldstone View Ln SE Conyers, GA 30013
Estimated payment $4,719/month
Highlights
- Private Lot
- Double Pane Windows
- Kitchen Appliances
- Shutters
- Park
- Energy-Efficient Appliances
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,828
Year Built
- Built in 1982
Lot Details
- 0.49 Acre Lot
- Lot Dimensions are 124x19x155x142x152
- Private Lot
- Level Lot
Home Design
- Quadruplex
- Composition Roof
- Vinyl Siding
- Three Sided Brick Exterior Elevation
Interior Spaces
- 1.5-Story Property
- Double Pane Windows
- Insulated Windows
- Shutters
- Carbon Monoxide Detectors
Parking
- 4 Parking Spaces
- Varies By Unit
- Driveway Level
- Paved Parking
Accessible Home Design
- Kitchen Appliances
- Central Living Area
Eco-Friendly Details
- Energy-Efficient Appliances
Location
- Property is near schools
- Property is near shops
Schools
- Peek's Chapel Elementary School
- Memorial Middle School
- Salem High School
Utilities
- Multiple cooling system units
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Separate Meters
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 077A010079
Community Details
Overview
- 4 Units
- Fieldstone View Subdivision
Recreation
- Park
- Trails
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $7,500 | $263,240 | $92,320 | $170,920 |
| 2023 | $8,828 | $218,680 | $61,600 | $157,080 |
| 2022 | $6,799 | $167,560 | $36,160 | $131,400 |
| 2021 | $4,683 | $115,360 | $20,640 | $94,720 |
| 2020 | $4,027 | $93,680 | $12,000 | $81,680 |
| 2019 | $3,678 | $81,160 | $8,640 | $72,520 |
| 2018 | $2,896 | $63,440 | $8,640 | $54,800 |
| 2017 | $2,744 | $59,520 | $8,640 | $50,880 |
| 2016 | $2,744 | $59,520 | $8,640 | $50,880 |
| 2015 | $2,747 | $59,520 | $8,640 | $50,880 |
| 2014 | $2,621 | $56,160 | $8,640 | $47,520 |
| 2013 | -- | $75,920 | $16,000 | $59,920 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/05/2025 02/05/25 | For Sale | $715,000 | +50.5% | -- |
| 01/27/2023 01/27/23 | Sold | $475,000 | +8.0% | -- |
| 12/23/2022 12/23/22 | Pending | -- | -- | -- |
| 12/21/2022 12/21/22 | For Sale | $440,000 | -- | -- |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $475,000 | -- | |
| Deed | $310,000 | -- | |
| Deed | $296,000 | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | $230,000 | -- | |
| Warranty Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $562,125 | New Conventional | |
| Closed | $487,400 | Mortgage Modification | |
| Previous Owner | $210,000 | New Conventional | |
| Previous Owner | $236,800 | New Conventional | |
| Previous Owner | $59,200 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $204,706 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $207,000 | New Conventional | |
| Previous Owner | $16,995 | New Conventional |
Source: First Multiple Listing Service (FMLS)
MLS Number: 7519133
APN: 077-A-01-0079
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