8537 Pineland, Jonesboro, GA 30238

PRICED TO SELL. Investors, all units are leased, and the property is being professionally managed. Well maintained quads all updates have been done. Ready for a new owner. 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. * Recent Renovations: $120,000 over the last 14 months, including large back decks and added storage, backing onto a quiet greenbelt. CURRENT RENT ROLL: * Unit A: 51,395 (lease until 4/30/25) * Unit B: 51,495 (lease until 4/30/25) * Unit C: 51,435 (lease until 1/31/26) * Unit D: Leased in January. (potential rent assumed at $1,495) FINANCIAL SUMMARY: 1. Gross Rental Income: * Annual income assuming full occupancy: $69,840 2. Annual Expenses: * Estimated at 16% of gross income: $11,174.40 3. Net Operating Income (NOl): * After expenses: $58,665.60 4. Cap Rate: * Actual cap rate is 7.52%, Projected 8% CAP RATE! Cash Flow: * Assuming a 6.3% interest rate on a 30-year loan, the annual debt service is approximately $43,424.52. * 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!