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Zach Taylor Real Estate
300 S Jeff Davis Drive, Fayetteville, GA 30215
- $685,000
- Sold Price
- $685,000
- List Price
- $685,000
- Closing Date
- Oct 14, 2025
- MLS#
- 7634118
- Status
- CLOSED
- Type
- Multifamily
- Subtype
- Quadruplex
- Lot Size
- 0.6
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.**
Additional Information
- Stories
- Two
- Construction
- Brick 3 Sides
- Year Built
- 1983
- Neighborhood Amenities
- None
- Roof
- Composition
- Lot Dimensions
- 137x212x40x110x239
- Parking
- Level Driveway
- Lot Desc
- Level, Wooded
- Water
- Public
- Sewer
- Public Sewer
- Elementary School
- Spring Hill
- Middle School
- Bennett's Mill
- High School
- Fayette County
- Acres
- 0.60
- Annual Expenses
- 9796
- Levels
- Two
- Gross Income
- 61224
- Net Operating Income
- $51,428
- Taxes
- $5,132
Listing courtesy of Keller Williams Realty Atl North. Selling Office: RE/MAX Metro Atlanta Cityside.
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