8537 Pineland Drive
Jonesboro, GA 30238
- – beds
- – baths
- ~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 occupied—please do not disturb tenants.*** The seller is willing to negotiate an interest rate buy-down to improve cash flow.
Last checked:
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Last updated Apr 7, 2025
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MLS# 7552008 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1986
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Construction Materials:Vinyl Siding
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# of Units Total:4
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Levels:Two
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Roof:Composition
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Window Features:Insulated Windows
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Security Features:Carbon Monoxide Detector(s)
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Accessibility Features:None
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Green Energy Efficient:None
Location
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Directions:From I-75 S, take exit 235 to Tara Blvd. Turn right on GA-138 and right on GA-138 W. Then turn left on Kendrick Rd and right on Pineland Dr. Property will be on the right!
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Latitude:33.521715
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Longitude:-84.384146
The Property
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Parcel Number:13244B F001
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Property Type:Residential Income
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Property Type:Residential Income
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Property Subtype:Quadruplex
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Property Condition:Updated/Remodeled
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Lot Features:Level
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Lot Size Acres:0.723
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Lot Size Dimensions:58x189x164x226
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Lot Size Source:Public Records
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View:Other
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Fencing:None
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Waterfront Features:None
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Water Body Name:None
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Property Attached:false
Listing Agent
- Contact info:
- Agent phone:
- (404) 800-3159
- Office phone:
- (770) 509-0700
Taxes
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Tax Year:2024
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Tax Annual Amount:7457
The Listing
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Virtual Tour URL Unbranded 2:https://www.propertypanorama.com/8537-Pineland-Drive-Jonesboro-GA-30238/unbranded
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Home Warranty:false
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Special Listing Conditions:None
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Special Circumstances:Investor Owned
Heating & Cooling
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Cooling:Central Air
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Heating:Central
Utilities
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Utilities:Cable Available
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Sewer:Public Sewer
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Water Source:Public
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Green Energy Generation:None
Schools
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Elementary School:Swint
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Middle Or Junior School:Pointe South
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High School:Mundys Mill
The Community
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Subdivision Name:Marsh Harbor
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Community Features:None
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Association:false
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Pool Private:false
Parking
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Parking Total:8
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Parking Features:Level Driveway
Listing Provided Courtesy of Keller Williams Realty Atl North
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Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
