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8537 Pineland Drive, Jonesboro, GA 30238

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For Sale

$735,000

0.72 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • 0.7 acres
    Lot size

  • 31-40 Years Old
    Age

Explore this Property

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: Vacant (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!
MLS# 7489301

Courtesy Of RE/MAX Town & Country

(404) 410-2927

Property Features

  • Age
    31-40 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other
  • Lot Size
    0.72 Acres

Map and Directions

Directions to 8537 Pineland Drive, Jonesboro, GA 30238

Home seller CENTURY 21 Connect Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Connect Realty

(770) 640-6800
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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