Property Location

5148 Spring Street, Flowery Branch GA 30542

List Price $749,000
Units 4
Price / Unit $187,250
5148 Spring Street Flowery Branch, GA 30542
FMLS IDX Data last updated: July 30, 2026 at 7:54 PM
ACTIVE
Property Description
Turnkey Quadplex Investment Opportunity – Fully Renovated & Strong Cash Flow Potential Exceptional opportunity to acquire a beautifully renovated four-unit multifamily property in the highly desirable Flowery Branch market. Each spacious 2-bedroom, 1.5-bath townhome-style unit has been extensively updated with today's most sought-after finishes, including granite countertops, brand-new stainless steel appliances, luxury vinyl plank flooring throughout the main living areas, and new carpet in the bedrooms. Designed for low-maintenance ownership and maximum tenant appeal, this property offers investors a true turnkey opportunity with major interior improvements already completed. A recently leased end unit at $1,400 per month demonstrates the property's strong rental demand and income potential. Ideally situated just minutes from I-985, Lake Lanier, downtown Flowery Branch, shopping, dining, schools, and major employers, this quadplex is positioned in one of Northeast Georgia's fastest-growing rental markets. Investment Highlights: Four spacious 2BR/1.5BA townhome-style units Fully renovated interiors Granite countertops throughout Brand-new stainless steel appliances in every unit New luxury vinyl plank flooring with carpeted bedrooms Strong rental demand with a recently leased unit at $1,400/month Excellent cash-flow opportunity with long-term appreciation potential Perfect for portfolio expansion or a 1031 exchange investment Whether you're a seasoned investor or looking to add a quality multi-unit asset to your portfolio, this updated quadplex offers immediate income, modern finishes, and outstanding upside in one of Hall County's most desirable growth corridors.
Investment Notes — Flowery Branch
  • Located in the Flowery Branch, GA area
  • Value-add opportunities typically exist through management, renovations, or operational improvements
  • Rental demand and achievable rents vary significantly by submarket — local market verification is recommended
  • Actual cash flow depends on occupancy, expenses, financing, and current market conditions
Professional Investment Analysis

Modeled using FMLS data + Atlanta market benchmarks · Estimates applied where listing data is incomplete

Price per Unit $187,250 Verified
Est. Cap Rate 4.47% From Rent Roll
Est. Gross Income $59,400 From Rent Roll
Est. NOI $33,502 From Rent Roll
Est. Year 1 Cash Flow $24,121 after estimated debt service From Rent Roll
Confidence scores included Latest FMLS data Transparent modeling
Investment Calculator

Starts from list price and unit count. Average rent estimated from the 4 units that have rent data. Override any value to model your own scenario.

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Calculated as avg of known rents × 4 units × 12

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Effective Gross Income
Operating Expenses
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Unit Mix & Available Rent Roll

Breakdown based on data provided in the FMLS listing

UnitBedsBathsMonthly Rent
Unit 121$1,400
Unit 221$1,400
Unit 321$1,000
Unit 421$1,150
Total4 units $4,950

* Rent roll information is taken from the available FMLS listing data. Many multifamily listings do not include complete or verified tenant financials. Always verify actual rents, leases, and operating expenses during due diligence.

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Important Investment Disclaimer
Important Investment Information

All financial estimates (NOI, Cap Rate, Cash Flow, Year 5 projections, etc.) are modeled using available FMLS listing data combined with Atlanta metro market benchmarks (including estimated average rents, vacancy, and expense ratios) when complete rent-roll or operating data is not provided in the listing.

Any estimated or modeled figures shown on this site represent the independent analysis of Jeff Crowe / Century 21 The Avenues and are not supplied by FMLS or the listing broker.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.

MLS ID: 7808551 · Listing courtesy of Red 1 Realty, LLC, Best Team · 706-489-9450

IDX Information Provided by Jeff Crowe · jeffcrowe@c21theavenues.com
FMLS · Updated Daily