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  • Price cut: $5K (7/25)
    $695,000

    2638 Fieldstone View Ln SE, Conyers, GA 30013

    12beds
    8baths
    --sqft
    : 
    Multi Family, Quadruplex
    Built in 1982
    -- sqft lot
    $674,700 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Large shared yardPrivate patiosPrivate parking padsModern kitchen appliancesTranquil greenbelt
    This fully renovated quadruplex has two units with 3 bedrooms and 2 baths, and two units with 3 bedrooms, one full bath and two half 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. This is 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. Offering steady cash flow and long-term wealth-building potential, this is a high-performing investment property! 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, as well as new flooring, new appliances, and freshly painted. ***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.
    54 days
    on Zillow
    |
    1,158
    |
    90
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    Zillow last checked: 7 hours ago

    Listing updated: July 30, 2025 at 06:57am

    Listed by:

    Janice Overbeck 404-800-3159,

    Keller Williams Realty Atlanta North,

    Julie Papevies 770-380-5924,

    Keller Williams Realty Atlanta North

    Source: GAMLS,MLS#: 10541845MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 2638 Fieldstone View Ln SE.

    Next available tour time:Tomorrow at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 12
    • Bathrooms: 8
    Heating
    • Central, Forced Air, Natural Gas
    Cooling
    • Central Air
    Features
    • Basement: None
    • Has fireplace: No

    Property

    Parking
    • Total spaces: 4
    • Parking features: Off Street
    Features
    • Levels: One and One Half
    • Stories: 1
    • Body of water: None
    Lot
    • Size: 0.49 Acres
    Details
    • Parcel number: 077A010079
    • Special conditions: Investor Owned

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family, Quadruplex
    Materials
    • Vinyl Siding
    Condition
    • Resale
    • New construction: No
    • Year built: 1982

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Other
    Green energy
    • Energy efficient items: Appliances

    Community & HOA

    Community
    • Features: Park, Walk To Schools, Near Shopping
    • Subdivision: Fieldstone View
    HOA
    • Has HOA: No
    • Services included: None
    Location
    • Region: Conyers

    Financial & listing details

    • Tax assessed value: $658,100
    • Annual tax amount: $7,500
    • Date on market: 6/12/2025
    • Listing agreement: Exclusive Right To Sell
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