Sold

8537 Pineland Drive, Jonesboro, GA 30238

Garage
Yes

View property features, location on map, relevant school information and overview from seller's agent.

Listed byKeller Williams Rlty-Atl.North
  • 2
  • 0

Overview

This fully renovated quadruplex consists of four units, each with 2 bedrooms and 1.5 baths. Recent upgrades include expansive back decks and additional storage, all backing onto a peaceful greenbelt. Professionally managed and move-in ready, the property offers a turnkey opportunity for investors looking to build long-term wealth. This is a prime investment opportunity, offering strong cash flow and professional management for a seamless ownership experience. Appraised at $830,000 in November 2024 following $120,000 in recent upgrades, this 4,520 sq ft property features four spacious townhome-style units. Fully leased, the units generate a projected annual gross income of $69,840 at full occupancy. With estimated expenses at 16% of gross income ($11,174.40), the property delivers a Net Operating Income (NOI) of $58,665.60 and an actual CAP rate of 7.52%, with a projected increase to 8%. Assuming a 6.3% interest rate on a 30-year loan, the annual debt service is approximately $43,424.52, resulting in a projected annual cash flow of $15,241.08. **No showings until the due diligence period. All units are occupied-please do not disturb tenants.** The seller is willing to negotiate an interest rate buy-down to improve cash flow.

Location

Full feature list

Basic info

Property type
Multi-family
Number of stories
2
Lot size (acres)
0.72
Year built
1986

Garage and parking

Garage parking spaces
8

Utilities

Heating
Central, Heat pump
Cooling
Central air
Sewer
Public sewer
Water
Public

Taxes

Tax Annual Amount (2024)
$7,457

Public schools

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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®#: 10492350 Last checked:

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