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8537 Pineland Drive

Jonesboro, GA 30238

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

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 occupiedCoplease do not disturb tenants.*** The seller is willing to negotiate an interest rate buy-down to improve cash flow.

Listing courtesy of GAMLS / Janice Overbeck / Keller Williams Rlty-Atl.North

Last checked: Checking… • Last updated Apr 7, 2025 •

MLS# 10492350 —

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

The Building

Year Built:

1986
Construction Materials:

Vinyl Siding
Structure Type:

Quadruplex
# of Units Total:

4
Levels:

Two
Basement:

None

Financial & Terms

Possession:

Close Of Escrow
Owner Pays:

Other

Location

Latitude:

33.521696
Longitude:

-84.384169

The Property

Property Type:

Residential Income
Property Condition:

Updated/Remodeled
Lot Size Acres:

0.723
Lot Size Source:

Public Records
Parcel Number:

13244B F001

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

$7,457

Heating & Cooling

Heating:

Central, Heat Pump
Cooling:

Central Air

Utilities

Utilities:

Other
Sewer:

Public Sewer
Water Source:

Public

Schools

Elementary School:

Swint
Middle School:

Pointe South
High School:

Mundys Mill

The Community

Subdivision:

Marsh Harbor
Community Features:

None
Association:

No
Association Fee Includes:

None

Parking

Parking Features:

Parking Pad
Parking Total:

8

Explore the Area

My Commute

From

Walk Score®

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Soundscore™

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Sale history

Date	Event	Source	Price
4/3/25 Apr 3, 2025	Listed / Active	GAMLS	$720,000
2/15/25 Feb 15, 2025	Price Changed	FMLS
1/21/25 Jan 21, 2025	Price Changed	FMLS

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This multifamily located in GA 30238 is currently for sale for $720,000. 8537 Pineland Drive is a – square foot multifamily with – beds and – baths that has been on Estately for 4 days. This multifamily is in the attendance area of Pointe South Middle School, Swint Elementary School, and Mundy'S Mill High School.

Listing Courtesy of: GAMLS and Keller Williams Rlty-Atl.North.

© 2025 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.