8537 Pineland Drive, Jonesboro, GA 30238

$720,000

bedrooms

bathrooms

square feet

Acreage

0.723

Open Houses

year built

1986

Full Baths

Half Baths

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This fully renovated quadruplex 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 sqft property features four spacious townhome-style units, each with 2 bedrooms and 2 baths. All units are leased, generating 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. Recent upgrades include expansive back decks and additional storage, all backing onto a peaceful greenbelt. Professionally managed and move-in ready, this property offers a turnkey opportunity for investors looking to build long-term wealth ***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.

Location
Subdivision	Marsh Harbor
County	Clayton - GA
Elementary School	Swint
Middle School	Pointe South
High School	Mundys Mill

Driving directions

Open houses

None scheduled.

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MLS number: 7552008

Listing agent: Janice Overbeck

Listing broker: Realty East Cobb Dba Keller Williams Realty Atlanta North (770) 509-0700

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Last update: Friday, April 4 2025 at 10:03 a.m. EDT

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