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8537 Pineland, Jonesboro, GA 30238

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For Sale

$670,000

0.72 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

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

  • 0.7 acres
    Lot size

  • 31-40 Years Old
    Age

Explore this Property

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.
MLS# 10492350

Courtesy Of Realty East Cobb dba Keller Williams Realty Atlanta North

(770) 509-0700

Property Features

  • Age
    31-40 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Vinyl Siding
  • Lot Size
    0.72 Acres

Map and Directions

Directions to 8537 Pineland, Jonesboro, GA 30238

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(770) 889-6090
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† 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.

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