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bedrooms
bedrooms
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bathrooms
bathrooms
0
square feet
square feet
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acreage
Acreage
0.49
open houses
Open Houses
-
year built
year built
1982
full baths
Full Baths
0
half baths
Half Baths
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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.
Location
Subdivision Fieldstone View
County Rockdale - GA
Elementary School Peek's Chapel
Middle School Memorial
High School Salem
open houses Open houses
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MLS number: 7519133
Listing agent: Janice Overbeck
Copyright © 2025 First Multiple Listing Service, Inc. 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: Thursday, February 6 2025 at 10:10 a.m. EST
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