8537 Pineland Dr
Jonesboro, GA 30238
8 Beds6 Baths4,520 Sq Ft78 Days on Market
Listing Agent & Comments
Janice Overbeck • Keller Williams Rlty-Atl.North
770-509-0700 • offers@janiceoverbeck.com License #338011This 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 1.5 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 occupiedCoplease do not disturb tenants.*** The seller is willing to negotiate an interest rate buy-down to improve cash flow.
MLS# 10492350 • Data provided by GAMLS
Living Area | 4,520 Sq.Ft. |
---|---|
Lot Size | 0.7 Acres |
Total Rooms | 16 |
Bedrooms | 8 |
Bathrooms | 6 |
Stories | 2 |
Year Built | 1986 |
Property Type | Multifamily |
Zoning | RM |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | None |
Tax Year | 2024 |
Tax Amount | $7,457 |
Property in Flood Zone | -- |
Basement | -- |
Pool | No |
Data provided by GAMLS.
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More Information On This Home
This home's estimated value
$686,253
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties
New
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HouseCanary, Inc. Brokerage
8537 Pineland Dr., Jonesboro, GA 30238
Multifamily8 Beds6 Baths4,520 Sq Ft78 Days on Market
Listing Agent & Comments
Janice Overbeck • Keller Williams Rlty-Atl.North
770-509-0700 • offers@janiceoverbeck.com License #338011This 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 1.5 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 occupiedCoplease do not disturb tenants.*** The seller is willing to negotiate an interest rate buy-down to improve cash flow.
MLS# 10492350 • Data provided by GAMLS
Living Area | 4,520 Sq.Ft. |
---|---|
Lot Size | 0.7 Acres |
Total Rooms | 16 |
Bedrooms | 8 |
Bathrooms | 6 |
Stories | 2 |
Year Built | 1986 |
Property Type | Multifamily |
Zoning | RM |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | None |
Tax Year | 2024 |
Tax Amount | $7,457 |
Property in Flood Zone | -- |
Basement | -- |
Pool | No |
Data provided by GAMLS.
We’ll connect you with top agents in your area.
Find a Local, Experienced Real Estate Agent
This property is missing data for:
Comparable properties
New
Do you own this home?
Access your homeowner dashboard
8537 Pineland Dr
Jonesboro, GA 30238
8 Beds6 Baths4,520 Sq Ft78 Days on Market
Listing Agent & Comments
Janice Overbeck • Keller Williams Rlty-Atl.North
770-509-0700 • offers@janiceoverbeck.com License #338011This 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 1.5 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 occupiedCoplease do not disturb tenants.*** The seller is willing to negotiate an interest rate buy-down to improve cash flow.
MLS# 10492350 • Data provided by GAMLS
Living Area | 4,520 Sq.Ft. |
---|---|
Lot Size | 0.7 Acres |
Total Rooms | 16 |
Bedrooms | 8 |
Bathrooms | 6 |
Stories | 2 |
Year Built | 1986 |
Property Type | Multifamily |
Zoning | RM |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | None |
Tax Year | 2024 |
Tax Amount | $7,457 |
Property in Flood Zone | -- |
Basement | -- |
Pool | No |
Data provided by GAMLS.
We’ll connect you with top agents in your area.
Find a Local, Experienced Real Estate Agent
More Information On This Home
This home's estimated value
$686,253
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties
New
Do you own this home?
Access your homeowner dashboard