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8537 Pineland Drive

Jonesboro, GA 30238

– beds
– baths
– sqft
~3/4 acre lot
1986 build
– on site

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!

Listing courtesy of GAMLS / Innovative Properties Group / Re/Max Town & Country

Last checked: Checking… • Last updated Nov 23, 2024 •

MLS# 10418255 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1986
Construction Materials:

Vinyl Siding
Structure Type:

Quadruplex
Levels:

Two
Basement:

Crawl Space
# of Units Total:

4

Location

Latitude:

33.521696
Longitude:

-84.384169

The Property

Property Type:

Residential Income
Property Condition:

Resale
Lot:

1
Lot Size Acres:

0.723
Lot Size Source:

Public Records
Parcel Number:

13-0244B-00F-001
Land Lot:

244

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

$5,809

Heating & Cooling

Heating:

Central, Heat Pump
Cooling:

Central Air

Utilities

Utilities:

Electricity Individual Meters, Gas Individual Meters, Water Individual Meters
Sewer:

Public Sewer
Water Source:

Public

Schools

Elementary School:

Swint
Middle School:

Pointe South
High School:

Mundys Mill
District:

13

The Community

Subdivision:

Marsh Harbor
Community Features:

None
Association:

No
Association Fee Includes:

None

Parking

Parking Features:

Kitchen Level, Parking Pad
Parking Total:

8

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Sale history

Date	Event	Source	Price	% Change
11/23/24 Nov 23, 2024	Listed / Active	GAMLS	$735,000

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This multifamily located in GA 30238 is currently for sale for $735,000. 8537 Pineland Drive is a – square foot multifamily with – beds and – baths that has been on Estately for 0 days. This multifamily is in the attendance area of Pointe South Middle School, Mundy'S Mill High School, and Swint Elementary School.

Listing Courtesy of: GAMLS and Re/Max Town & Country.

© 2024 Georgia MLS. All rights reserved. Information Deem Reliable But Not Guaranteed. GAMLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.