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$795,000
4 Days On Site

122 Toby Springs LN
Mcdonough, GA 30253

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

SqFt

/SqFt
1986
Built
Subdivision:
Toby Springs
County:
Henry

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(678) 675-6575
122 Toby Springs LN122 Toby Springs LN122 Toby Springs LN122 Toby Springs LN
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This updated quadruplex is a rare gem, offering impressive returns and a prime location that sets it apart in the investment market. Appraised at $850,000 following a $120,000 rehab completed within the last 14 months, this 5,192 sqft property boasts a strong CAP rate of 7.88%. Assuming a 6.3% interest rate and full occupancy, the property can generate a combined projected annual gross income of $74,568. With estimated annual expenses of $11,930.88, the property delivers a Net Operating Income (NOI) of $62,637.12. Projected growth and cap rate: leased on full occupancy rents at $1,850 you will have a cap rate of 9.38% and a positive annual cash flow of $15,876.48. The building features four well-designed units - two with 3 bedrooms and 2.5 baths, and two with 2 bedrooms and 2.5 baths. Each unit is thoughtfully appointed with modern kitchen appliances, spacious living rooms, and recently poured concrete private patios with a storage closet overlooking a large shared yard. The property also includes dedicated parking pads for added tenant convenience. Located less than a mile from downtown McDonough and 2.5 miles from I-75, this home is in a prime location. This quadruplex stands out as a prime investment opportunity, combining modern updates, tenant-paid utilities, and a strategic location to deliver consistent income and strong financial growth - an ideal choice for expanding your portfolio. ***No showings until due diligence period. All units are occupied. Please do not disturb tenants.*** Seller is willing to buy down rate with an acceptable offer.

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Listing Snapshot
Price 
$795,000
Days On Site 
4 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.57 Acres
Year Built 
1986
MLS® Number 
10429551
Status 
Active
Property Tax 
$7,007
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 days agoListing updated with changes from the MLS®
4 days agoStatus changed to Active
5 days agoListing first seen on site
General Features
Acres 
0.57
Garage 
Yes
Garage Spaces 
8
Number Of Stories 
2
Parking 
Parking Pad
Parking Spaces 
8
Property Sub Type 
Quadruplex
Sewer 
Public Sewer
Stories 
Two
Utilities 
Other
Water Source 
Public
Interior Features
Basement 
None
Cooling 
Ceiling Fan(s)Central Air
Fireplace 
Yes
Fireplaces 
4
Heating 
Forced AirNatural Gas
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Community Features
Community Features 
None
Schools
School District
Unknown
Elementary School
Walnut Creek
Middle School
McDonough Middle
High School
McDonough
Listing courtesy of Keller Williams Rlty-Atl.North



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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