1. Georgia
2. Jonesboro
3. 8537 Pineland Drive

8537 Pineland Drive, Jonesboro, GA 30238

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.

Listing Status:

Active

Date Added:

April 3, 2025 at 05:00AM

Listing Office:

Keller Williams Rlty-Atl.North : 770-509-0700

Listing Agent:

Janice Overbeck : 404-800-3159

MLS ID:

10492350

Interior

• Basement: None
• A/C: Central Air
• Heating: CentralHeat Pump
• Fireplace: Fireplaces: 0

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Janice Overbeck, Keller Williams Rlty-Atl.North