GA > Jonesboro > Marsh Harbor
Jonesboro, GA 30238,8537 Pineland DR
Jonesboro, GA 30238,8537 Pineland DR
Jonesboro, GA 30238,8537 Pineland DR
$670,000
Est. payment /mo
0.72 Acres Lot

UPDATED:

Key Details

Sold Price $670,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Subdivision Marsh Harbor

MLS Listing ID 7552008

Year Built 1986

Annual Tax Amount $7,457

Tax Year 2024

Lot Size 0.723 Acres

Property Sub-Type Quadruplex

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.

Location

State GA

County Clayton

Area Marsh Harbor

Interior

Heating Central, Heat Pump

Cooling Central Air

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 Y/N Yes

View Other

Roof Type Composition

Building

Lot Description Level

Story Two

Sewer Public Sewer

Water Public

Structure Type Vinyl Siding

Schools

Elementary Schools Swint

Middle Schools Pointe South

High Schools Mundys Mill

Read Less Info
First Multiple Listing Service(FMLS)
Listed by Keller Williams Realty Atl North
Bought with Berkshire Hathaway HomeServices Georgia Properties

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Simona Ispas

Simona Ispas

+1(404) 801-8028

REALTOR® | License ID: 401707

REALTOR® License ID: 401707

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