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.
Active
Price cut: $5K (7/25)
$695,000
2638 Fieldstone View Ln SE, Conyers, GA 30013
12beds
8baths
--sqft
Est.:
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
- 54 days
- on Zillow |
- 1,158 |
- 90 |
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#: 10541845

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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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