$689,500

8537 Pineland Drive , Jonesboro, GA 30238

 
Bedrooms:0 beds
Bathrooms:0 baths
(None specified):0 sqft
Lot:0.72
Year Built:1986
Listing Status:(None specified)

Listing Agent

Janice Overbeck
http://www.atlantanorthkw.com
Loan Amount:
Interest:
Term (Years):
Annual Tax:
Monthly Principal + Interest:$
Monthly tax: $
Total Payment:$

These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

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.

Detailed Items

Other Information

8537 Pineland Drive, Jonesboro, GA, 30238 is a (none specified) listing of 0 sqft on a lot of 0.72. This (none specified) listing has 0 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property8537 Pineland Drive, Jonesboro, GA
Copyright © 2025 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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