300 S Jeff Davis DR new Save Request In-Person Tour Request Virtual Tour
Fayetteville,GA 30215
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7634118
Construction Status Resale
HOA Y/N No
Year Built 1983
Annual Tax Amount $5,132
Tax Year 2024
Lot Size 0.600 Acres
Acres 0.6
Property Sub-Type Quadruplex
Source First Multiple Listing Service
Property Description
This Fayetteville quadruplex offers four 2 bed / 1 bath units totaling 5,102 sq ft, each thoughtfully updated within the last two years. Recent improvements include kitchens with granite countertops and stainless steel appliances, along with new flooring, fresh paint, and updated light fixtures that create a clean and inviting living space. The upper units enjoy the added benefit of dedicated storage spaces and private decks, enhancing functionality and tenant appeal. With leases in place, the property is fully occupied and provides a stable income stream for investors. Current rents generate $61,224 annually, delivering a 7.51% cap rate and near-breakeven cash flow at market interest rates. The pro forma scenario reflects two units rented at $1,400 and two units rented at $1,700, generating a total monthly rent of $6,200, or $74,400 annually. With expenses estimated at 16% of gross income, annual operating costs are projected at $11,904, resulting in a net operating income (NOI) of $62,496. Based on a purchase price of $685,000, this equates to a cap rate of approximately 9.1%. Assuming a 20% down payment of $137,000 and financing the remaining $548,000 with a 30-year loan at 6.3% interest, the annual debt service is about $40,668. Current NOI is $51,428, with pro forma NOI projected to produce an annual cash flow of $21,828, or roughly $1,819 per month once rents stabilize. This makes the property an attractive long-term investment opportunity, with immediate rental income and strong growth potential. **No showings until the due diligence period. All units are occupied—please do not disturb tenants.**
Location
State GA
County Fayette
Area None
Lake Name None
Interior
Heating Forced Air
Cooling Central Air
Window Features None
Exterior
Parking Features Level Driveway
Fence None
Community Features None
Utilities Available Electricity Available,Natural Gas Available,Sewer Available,Water Available
Waterfront Description None
View Y/N Yes
View Other
Roof Type Composition
Accessibility None
Handicap Access None
Private Pool false
Building
Lot Description Level,Wooded
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick 3 Sides
Construction Status Resale
Schools
Elementary Schools Spring Hill
Middle Schools Bennetts Mill
High Schools Fayette County
Others
Senior Community no
Tax ID 0524 092