Homes for sale - 300 S Jeff Davis DR, Fayetteville, GA 30215

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Lorainne Ortiz

lorainne.realtor@gmail.com +1(470) 349-6377

$ 685,000

Est. payment | -/mo

0.6 Acres Lot

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$ 685,000

Est. payment | -/mo

Save

0.6 Acres Lot

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

Listed by Keller Williams Realty Atl North

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(470) 349-6377

lorainne.realtor@gmail.com

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