8537 Pineland Drive, Jonesboro, GA 30238
- $670,000
- Sold Price
- $670,000
- List Price
- $670,000
- Closing Date
- Sep 30, 2025
- MLS#
- 7552008
- Status
- CLOSED
- Type
- Multifamily
- Subtype
- Quadruplex
- Lot Size
- 0.723
- Subdivision
- Marsh Harbor
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.
Additional Information
- Stories
- Two
- Construction
- Vinyl Siding
- Year Built
- 1986
- Neighborhood Amenities
- None
- Roof
- Composition
- Lot Dimensions
- 58x189x164x226
- Parking
- Level Driveway, Driveway
- Lot Desc
- Level
- Water
- Public
- Sewer
- Public Sewer
- Elementary School
- Swint
- Middle School
- Pointe South
- High School
- Mundys Mill
- Acres
- 0.72
- Annual Expenses
- 11174
- Levels
- Two
- Gross Income
- 69840
- Net Operating Income
- $58,665
- Taxes
- $7,457
Listing courtesy of Keller Williams Realty Atl North. Selling Office: Berkshire Hathaway HomeServices Georgia Properties.
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