GA > Jonesboro > Marsh Harbor
Jonesboro, GA 30238,8537 Pineland DR
Jonesboro, GA 30238,8537 Pineland DR
Jonesboro, GA 30238,8537 Pineland DR
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$689,500
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0.72 Acres Lot
Active Under Contract

8537 Pineland DR Jonesboro, GA 30238

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Priscilla Amanda Johnson

Priscilla Amanda Johnson

+1(678) 755-9242

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family,Quadruplex

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision Marsh Harbor

MLS Listing ID 10492350

HOA Y/N No

Year Built 1986

Annual Tax Amount $7,457

Tax Year 2024

Lot Size 0.723 Acres

Acres 0.723

Lot Dimensions 31493.88

Property Sub-Type Multi Family,Quadruplex

Source Georgia MLS 2

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 occupiedCoplease do not disturb tenants.*** The seller is willing to negotiate an interest rate buy-down to improve cash flow.

Location

State GA

County Clayton

Rooms

Basement None

Interior

Heating Central, Heat Pump

Cooling Central Air

Fireplace No

Exterior

Parking Features Parking Pad

Garage Spaces 8.0

Community Features None

Utilities Available Other

View Y/N No

Total Parking Spaces 8

Garage No

Private Pool No

Building

Faces From I-75 S, take exit 235 to Tara Blvd. Turn right on GA-138 and right on GA-138 W. Then turn left on Kendrick Rd and right on Pineland Dr. Property will be on the right!

Sewer Public Sewer

Water Public

Structure Type Vinyl Siding

New Construction No

Schools

Elementary Schools Swint

Middle Schools Pointe South

High Schools Mundys Mill

Others

HOA Fee Include None

Tax ID 13244B F001

Special Listing Condition Updated/Remodeled

Georgia MLS - GAMLS
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agent

Priscilla Amanda Johnson

Broker | License ID: 360306

+1(678) 755-9242

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8537 Pineland DR

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