GA > Fayetteville
Fayetteville, GA 30215,300 S Jeff Davis DR
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Fayetteville, GA 30215,300 S Jeff Davis DR
Fayetteville, GA 30215,300 S Jeff Davis DR
Fayetteville, GA 30215,300 S Jeff Davis DR
Fayetteville, GA 30215,300 S Jeff Davis DR
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Dora Grubb

Dora Grubb

+1(404) 205-1808
$ 685,000
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300 S Jeff Davis DR Fayetteville, GA 30215

0.6 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family,Quadruplex

Listing Status New

Purchase Type For Sale

MLS Listing ID 10591886

HOA Y/N No

Year Built 1983

Annual Tax Amount $5,132

Tax Year 2024

Lot Size 0.600 Acres

Acres 0.6

Lot Dimensions 26136

Property Sub-Type Multi Family,Quadruplex

Source Georgia MLS 2

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

Rooms

Basement None

Interior

Heating Forced Air

Cooling Central Air

Fireplace No

Exterior

Parking Features Parking Pad

Community Features None

Utilities Available Other

View Y/N No

Garage No

Private Pool No

Building

Faces From I-75 S/I-85 S, take exit 237A and keep right to GA-85 S. Then turn left on N Jeff Davis Dr and left on S Jeff David Dr. Property will be on the left.

Sewer Public Sewer

Water Public

Structure Type Other

New Construction No

Schools

Elementary Schools Spring Hill

Middle Schools Bennetts Mill

High Schools Fayette County

Others

HOA Fee Include None

Tax ID 052400092

Special Listing Condition Resale

Georgia MLS - GAMLS
© 2025 Georgia Multiple Listing Service. All Rights Reserved.
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Dora Grubb

Agent | License ID: 323913

+1(404) 205-1808

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300 S Jeff Davis DR