8537 Pineland, Jonesboro, GA 30238
Other
THB ฿25,445,333
USD $735,000
Published on: 25 Nov 2024
Last updated on: 02 Jan 2025
Property ID: 110095943145
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Multi Family,Quadruplex - Jonesboro, GA
8537 Pineland, Jonesboro, GA 30238
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!
Property Details
Basic Info
Outdoor Feature
Basic Info
Property Type
Other
Listing Status
Active
Land Size
2,925.88 m2
Year Built
1986
Architecture Style
Other
Num Floors
2
County
Clayton
Parcel ID
13244B F001
Provider
Georgia Multiple Listing Service
Subdivision
Marsh Harbor
Brokerage Office Name
REMAX Town & Country
Brokerage Office Phone
(770) 596-6599
Address
8537 Pineland, Jonesboro, GA 30238
Nearby Schools
| Type | School name | District name |
|---|---|---|
| High | Mundys Mill | Not available |
| Elementary | Swint | Not available |
| Middle | Pointe South | Not available |
| Juniorhigh | Pointe South | Not available |
Tax History
| Year | Tax amount | |
|---|---|---|
| 2023 | USD $5809 | THB ฿201,105* |
*Converted price in your currency provided by Open Exchange Rates. Exchange rates are subject to continuous change. Neither thinkofliving.com nor its affiliates guarantee that the conversion reflects current conversion rates and are not responsible for any inaccuracies. thinkofliving.com recommends that you independently verify any information before relying on it.
Contact Agent
Innovative Properties Group
Contact Agent
Contact Agent
Email enquiry to Re/Max Town & Country
Innovative Properties Group
Overlook Circle, Suite A 102, Canton, GA 30115
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Property ID: 110095943145
Data provided by Georgia Multiple Listing Service, MLS #: 10418255
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