8537 Pineland DR Jonesboro, GA 30238
0.72 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Marsh Harbor
MLS Listing ID 7552008
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1986
Annual Tax Amount $7,457
Tax Year 2024
Lot Size 0.723 Acres
Acres 0.723
Property Sub-Type Quadruplex
Source First Multiple Listing Service
Property Description
Appraised at $830,000 in November 2024 following $120,000 in recent upgrades, this 4,520 sq ft property features four spacious townhome-style units. Fully leased, the units generate 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.
**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.
Location
State GA
County Clayton
Area Marsh Harbor
Lake Name None
Interior
Heating Central, Heat Pump
Cooling Central Air
Window Features Insulated Windows
Exterior
Parking Features Level Driveway, Driveway
Fence None
Community Features None
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
Waterfront Description None
View Y/N Yes
View Other
Roof Type Composition
Accessibility None
Handicap Access None
Total Parking Spaces 8
Private Pool false
Building
Lot Description Level
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Vinyl Siding
Construction Status Updated/Remodeled
Schools
Elementary Schools Swint
Middle Schools Pointe South
High Schools Mundys Mill
Others
Senior Community no
Tax ID 13244B F001
