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Daphne Howell

Maximum One Executive Realtors

howelldr2020@yahoo.com +1(404) 934-4733

$ 689,500

Est. payment -/mo

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Pending

8537 Pineland DR Jonesboro, GA 30238

0.72 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Pending

Purchase Type For Sale

Subdivision Marsh Harbor

MLS Listing ID 7552008

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1986

Annual Tax Amount $7,457

Tax Year 2024

Lot Size 0.723 Acres

Acres 0.723

Property Sub-Type Quadruplex

Source First Multiple Listing Service

Property Description

This fully renovated quadruplex 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 sqft property features four spacious townhome-style units, each with 2 bedrooms and 1.5 baths. All units are leased, generating 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. Recent upgrades include expansive back decks and additional storage, all backing onto a peaceful greenbelt. Professionally managed and move-in ready, this property offers a turnkey opportunity for investors looking to build long-term wealth ***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

State GA

County Clayton

Lake Name None

Interior

Heating Central, Heat Pump

Cooling Central Air

Window Features Insulated Windows

Exterior

Parking Features Level Driveway, Driveway

Fence None

Community Features None

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available

Waterfront Description None

View Other

Roof Type Composition

Accessibility None

Handicap Access None

Total Parking Spaces 8

Private Pool false

Building

Lot Description Level

Story Two

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Vinyl Siding

New Construction No

Construction Status Updated/Remodeled

Schools

Elementary Schools Swint

Middle Schools Pointe South

High Schools Mundys Mill

Others

Senior Community no

Tax ID 13244B F001

Special Listing Condition None

Listed by Keller Williams Realty Atl North

Daphne Howell

Broker Associate

+1(404) 934-4733

Daphne Howell

8537 Pineland DR Jonesboro, GA 30238

Key Details

Location

Interior

Exterior

Building

Schools

Others

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8537 Pineland DR