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8511 Pineland Drive, Jonesboro, GA 30238

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For Sale
Sale Pending

$350,000

0.37 acres

Estimated Payment

$      /mo. †

APR for 30 years

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  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • 0.4 acres
    Lot size

  • 31-40 Years Old
    Age

Explore this Property

This extensively upgraded brick triplex consists of three spacious townhome-style units, each offering 2 bedrooms and 2.5 baths a rare and highly desirable layout that consistently attracts quality long-term tenants. The seller has completed $100,000+ of capital improvements over the past 12 months alone, including a brand-new architectural roof, full exterior lime-wash and repainting, upgraded bathrooms, new exterior doors and locksets, mechanical room improvements, water-heater upgrades, drywall repairs, fresh interior paint, and updated flooring and appliances in select units. Professionally maintained and fully occupied, the property provides a turnkey, low-maintenance investment opportunity. All three units are leased through mid-2026 with reliable, long-term tenants in place. Current rents of $1,040, $1,385, and $1,385 per month produce an annual gross income of $49,320. Based on existing income and typical operating expenses for similar multifamily assets, the property offers an in-place cap rate in the mid-6% range, with additional upside available over time. The size of the units are roughly 1260 square feet each. Given the extensive recent improvements and strong 2-bed/2.5-bath configuration, there is natural room for rent alignment at renewal as leases expire without the need for disruptive or aggressive value-add strategies. Situated on a quiet corner lot in an established residential subdivision, the property features dedicated parking, a functional roommate-friendly layout, and convenient access to shopping, dining, and major transportation routes throughout Jonesboro and Clayton County. With major capex already completed and stable tenancy in place, this triplex represents a prime opportunity for investors seeking strong fundamentals and reliable long-term performance
MLS# 7684169

Courtesy Of Realtyka, LLC

(855) 450-0442

Property Features

  • Age
    31-40 Years Old
  • Architecture Style
    Other
  • Lot Size
    0.37 Acres

Map and Directions

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.