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8537 Pineland Drive, Jonesboro, GA 30238
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$670,000
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Home Details for 8537 Pineland Drive
Price
$670,000
Type
Multi Family
Year Build
1986
Lot Size
0.723
County
Clayton
Tax
$7,457
MLS®️ Listing#
7552008
On exitrealty.com
226 days
Property Description
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.
- Utilities
- Cable Available
- Electricity Available
- Natural Gas Available
- Sewer Available
- Water Available
- Heating Information
- Central
- Heat Pump
- Cooling Information
- Central Air
- Water Features
- Public
- Parking
- Driveway
School Information
School Information for 8537 Pineland Drive
Elementary School
Swint
Middle School
Pointe South
High School
Mundys Mill
Listing Courtesy: Keller Williams Realty Atl North - 770-509-0700
Last Updated: 2025-08-31 01:32:12
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$670,000
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