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This fully renovated quadruplex is a prime investment opportunity, offering strong cash flow and professional management for a seamless ownership experience. Appraised at $830,000 in November 2024 following $120,000 in recent upgrades, this 4,520 sqft property features four spacious townhome-style units, each with 2 bedrooms and 2 baths. All units are leased, generating a projected annual gross income of $69,840 at full occupancy. With estimated expenses at 16% of gross income ($11,174.40), the property delivers a Net Operating Income (NOI) of $58,665.60 and an actual CAP rate of 7.52%, with a projected increase to 8%. Assuming a 6.3% interest rate on a 30-year loan, the annual debt service is approximately $43,424.52, resulting in a projected annual cash flow of $15,241.08. Recent upgrades include expansive back decks and additional storage, all backing onto a peaceful greenbelt. Professionally managed and move-in ready, this property offers a turnkey opportunity for investors looking to build long-term wealth ***No showings until the due diligence period. All units are occupiedCoplease do not disturb tenants.*** The seller is willing to negotiate an interest rate buy-down to improve cash flow.
| DAYS ON MARKET | 34 | LAST UPDATED | 4/11/2025 |
|---|---|---|---|
| TRACT | Marsh Harbor | YEAR BUILT | 1986 |
| GARAGE SPACES | 8.0 | COUNTY | Clayton |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Swint |
|---|---|
| Jr. High School | Pointe South |
| High School | Mundys Mill |
| PRICE HISTORY | |
| Prior to Apr 11, '25 | $720,000 |
|---|---|
| Apr 11, '25 - Today | $700,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| BASEMENT | None |
| CONSTRUCTION | Vinyl Siding |
| GARAGE | Yes |
| HEAT | Central, Heat Pump |
| LOT | 0.723 acre(s) |
| PARKING | Parking Pad |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | Marsh Harbor |
| TAXES | 7457 |
| UTILITIES | Other |
| WATER | Public |
| WATER ACCESS | NONE |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
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Listed with Keller Williams Rlty-Atl.North
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The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2025 GAMLS. All rights reserved.
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2025 GAMLS. All rights reserved.
This IDX solution is (c) Diverse Solutions 2025.
