8451 Magnolia Drive, Jonesboro, GA 30238
- Beds
- 8
- Baths
- 2
- Sqft
- 1,851
- Garage
- Yes
View property features, location on map, relevant school information and overview from seller's agent.
- 2
- 0
Overview
This turnkey 8-bedroom, 3-bathroom (2 shared baths) co-living home presents a rare opportunity for investors seeking high monthly cash flow in the Atlanta metro area. Fully renovated and fully occupied through PadSplit, this 1,850 sqft property generates $4,450/month in gross rents with an estimated NOI of $2,300/month and a 10.6% cap rate. Just minutes from major interstates and Hartsfield-Jackson International Airport, Magnolia Drive is ideally positioned for workforce housing, attracting reliable tenants looking to live closer to job hubs. PadSplit is a co-living platform that helps provide affordable housing to working professionals while maximizing returns for property owners. The platform handles tenant screening and onboarding, income verification, rent collection, and provides easy communication and maintenance management tools. If you're unfamiliar with how PadSplit works or want to explore whether this model is right for you, reach out-we'd be happy to walk you through it.
Location
Full feature list
Basic info
- Property type
- House
- Number of bedrooms
- 8
- Number of bathrooms
- 2
- Square feet
- 1,851
- Lot size (acres)
- 0.26
- Year built
- 1971
Interior features
- Basement
- Yes
Garage and parking
- Garage parking spaces
- 4
Utilities
- Heating
- Natural gas, Central
- Cooling
- Electric, Central air
- Sewer
- Public sewer
- Water
- Public
Taxes
- Tax Annual Amount
- $2,918
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Georgia MLS MLS®#: 10511216 Last checked: …
