Homes for sale - 8537 Pineland DR, Jonesboro, GA 30238

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Listed by Innovative Properties Group • Re/Max Town & Country

$735,000

Est. payment - /mo

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0.72 Acres Lot

Active

8537 Pineland DR Jonesboro, GA 30238

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Michael Stansky

michael@localathensrealestate.com +1(706) 309-0448

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Marsh Harbor

MLS Listing ID 10418255

Construction Status Resale

HOA Y/N No

Year Built 1986

Annual Tax Amount $5,809

Tax Year 2023

Lot Size 0.723 Acres

Property Description

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!

Location

State GA

County Clayton

Rooms

Basement Crawl Space

Interior

Heating Central, Heat Pump

Cooling Central Air

Exterior

Parking Features Kitchen Level, Parking Pad

Garage Spaces 8.0

Community Features None

Utilities Available Electricity Individual Meters, Gas Individual Meters, Water Individual Meters

Building

Story Two

Sewer Public Sewer

Level or Stories Two

Construction Status Resale

Schools

Elementary Schools Swint

Middle Schools Pointe South

High Schools Mundys Mill

Others

Acceptable Financing 1031 Exchange, Cash, Conventional, Other

Listing Terms 1031 Exchange, Cash, Conventional, Other

Special Listing Condition Agent Owned

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Michael Stansky

Agent | License ID: 403637

+1(706) 309-0448