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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.**
| DAYS ON MARKET | 2 | LAST UPDATED | 8/26/2025 |
|---|---|---|---|
| TRACT | None | YEAR BUILT | 1983 |
| COUNTY | Fayette | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | Spring Hill |
|---|---|
| Jr. High School | Bennetts Mill |
| High School | Fayette County |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| BASEMENT | None |
| CONSTRUCTION | Other |
| HEAT | Forced Air |
| LOT | 0.6 acre(s) |
| PARKING | Parking Pad |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | None |
| TAXES | 5132 |
| UTILITIES | Other |
| WATER | Public |
| WATER ACCESS | NONE |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Keller Williams Realty Atlanta 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.
