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$735,000
33 Days On Site

8537 Pineland DR
Jonesboro, GA 30238

For Sale|Quadruplex|Active
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
1986
Built
Subdivision:
Marsh Harbor
County:
Clayton

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(678) 675-6575
8537 Pineland DR8537 Pineland DR8537 Pineland DR8537 Pineland DR
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Fully renovated, this property offers excellent cash flow potential w/turnkey PM in place. If you are looking to build wealth, Current appraisal November 2024 of $830,000 PROPERTY HIGHLIGHTS: Unit Type: 4-unit Large Townhome quadplex, each with 2 beds and 2 baths, totaling 4,520 sq. ft. Co Recent Renovations: $120,000 over the last 14 months, including large back decks and added storage, backing onto a quiet greenbelt. CURRENT RENT ROLL: Co Unit A: 51,395 (lease until 4/30/25) Co Unit B: 51,495 (lease until 4/30/25) Co Unit C: 51,435 (lease until 1/31/26) Co Unit D: Vacant (potential rent assumed at $1,495) FINANCIAL SUMMARY: 1. Gross Rental Income: Co Annual income assuming full occupancy: $69,840 2. Annual Expenses: Co Estimated at 16% of gross income: $11,174.40 3. Net Operating Income (NOl): Co After expenses: $58,665.60 4. Cap Rate: Co Actual cap rate is 7.52%, Projected 8% CAP RATE! Cash Flow: Co Assuming a 6.3% interest rate on a 30-year loan, the annual debt service is approximately $43,424.52. Co After debt service, projected annual cash flow is $15,241.08, Strong positive cash return. Seller open to discussion buying down buyer interest rate, 5-6% mortgage rate possible to increase cashflow!

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Listing Snapshot
Price 
$735,000
Days On Site 
33 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.723 Acres
Year Built 
1986
MLS® Number 
10418255
Status 
Active
Property Tax 
$5,809
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS®
2 weeks agoStatus changed to Active
a month agoListing first seen on site
General Features
Acres 
0.723
Garage 
Yes
Garage Spaces 
8
Number Of Stories 
2
Parking 
Kitchen LevelParking Pad
Parking Spaces 
8
Property Sub Type 
Quadruplex
Sewer 
Public Sewer
Stories 
Two
Water Source 
Public
Interior Features
Basement 
Crawl Space
Cooling 
Central Air
Heating 
CentralHeat Pump
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Exterior Features
Construction Details 
Vinyl Siding
Community Features
Community Features 
None
Financing Terms Available 
1031 ExchangeCashConventional
Schools
School District
Unknown
Elementary School
Swint
Middle School
Pointe South
High School
Mundys Mill
Listing courtesy of Re/Max Town & Country



Information deemed reliable but not guaranteed. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than this office are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Copyright © 2020-present Georgia MLS. All rights reserved.
Data last updated at: 2024-10-30 12:00 AM UTC

Neighborhood & Commute
Source: Walkscore
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