122 Toby Springs Ln
McDonough, GA 30253
-- Bed
-- Bath
- Sq Ft
85 Days on Market
For Sale $765,000
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Courtesy of Keller Williams Rlty-Atl.North

Listing Agent & Comments

Janice OverbeckKeller Williams Rlty-Atl.North
770-509-0700offers@janiceoverbeck.com License #338011
This updated quadruplex is a rare gem, offering impressive returns and a prime location that sets it apart in the investment market. Appraised at $850,000 following a $120,000 rehab completed within the last 14 months, this 5,192 sqft property boasts a strong CAP rate of 7.78%. Assuming a 6.3% interest rate and full occupancy, the property can generate a combined projected annual gross income of $71,736. With an estimated annual expense rate of 16% of gross income ($11,477.76), the property delivers a Net Operating Income (NOI) of $60,258.24. Projected growth and cap rate: leased on full occupancy rents at $1,850 you will have a cap rate of 9.63% and a positive annual cash flow of $31,418.61. The building features four well-designed units - two with 3 bedrooms and 2.5 baths, and two with 2 bedrooms and 2.5 baths. Each unit is thoughtfully appointed with modern kitchen appliances, spacious living rooms, and recently poured concrete private patios with a storage closet overlooking a large shared yard. The property also includes dedicated parking pads for added tenant convenience. Located less than a mile from downtown McDonough and 2.5 miles from I-75, this home is in a prime location. This quadruplex stands out as a prime investment opportunity, combining modern updates, tenant-paid utilities, and a strategic location to deliver consistent income and strong financial growth - an ideal choice for expanding your portfolio. ***No showings until due diligence period. All units are occupied. Please do not disturb tenants.*** Seller is willing to buy down rate with an acceptable offer.

MLS# 10453350 • Data provided by GAMLS
HouseCanary, Inc. Brokerage
Additional home details
Living Area--
Lot Size0.6 Acres
Total Rooms--
Bedrooms--
Bathrooms--
Stories--
Year Built1986
Property TypeMultifamily
Zoning--
HOA Name--
HOA Fee--
HOA IncludesNone
Tax Year--
Tax Amount--
Property in Flood Zone--
More Information On This Home
This home's estimated value
$648,003
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties and sale history
New
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122 Toby Springs Ln., McDonough, GA 30253

Multifamily
-- Bed
-- Bath
- Sq Ft
85 Days on Market

Listing Agent & Comments

Janice OverbeckKeller Williams Rlty-Atl.North
770-509-0700offers@janiceoverbeck.com License #338011
This updated quadruplex is a rare gem, offering impressive returns and a prime location that sets it apart in the investment market. Appraised at $850,000 following a $120,000 rehab completed within the last 14 months, this 5,192 sqft property boasts a strong CAP rate of 7.78%. Assuming a 6.3% interest rate and full occupancy, the property can generate a combined projected annual gross income of $71,736. With an estimated annual expense rate of 16% of gross income ($11,477.76), the property delivers a Net Operating Income (NOI) of $60,258.24. Projected growth and cap rate: leased on full occupancy rents at $1,850 you will have a cap rate of 9.63% and a positive annual cash flow of $31,418.61. The building features four well-designed units - two with 3 bedrooms and 2.5 baths, and two with 2 bedrooms and 2.5 baths. Each unit is thoughtfully appointed with modern kitchen appliances, spacious living rooms, and recently poured concrete private patios with a storage closet overlooking a large shared yard. The property also includes dedicated parking pads for added tenant convenience. Located less than a mile from downtown McDonough and 2.5 miles from I-75, this home is in a prime location. This quadruplex stands out as a prime investment opportunity, combining modern updates, tenant-paid utilities, and a strategic location to deliver consistent income and strong financial growth - an ideal choice for expanding your portfolio. ***No showings until due diligence period. All units are occupied. Please do not disturb tenants.*** Seller is willing to buy down rate with an acceptable offer.

MLS# 10453350 • Data provided by GAMLS
HouseCanary, Inc. Brokerage
Additional home details
Living Area--
Lot Size0.6 Acres
Total Rooms--
Bedrooms--
Bathrooms--
Stories--
Year Built1986
Property TypeMultifamily
Zoning--
HOA Name--
HOA Fee--
HOA IncludesNone
Tax Year--
Tax Amount--
Property in Flood Zone--
This property is missing data for:
Comparable properties and sale history
New
Do you own this home?
Access your homeowner dashboard
house
For Sale $765,000
Get_PreApproved_Property_Details
Save
Courtesy of Keller Williams Rlty-Atl.North
122 Toby Springs Ln
McDonough, GA 30253
-- Bed
-- Bath
- Sq Ft
85 Days on Market

Listing Agent & Comments

Janice OverbeckKeller Williams Rlty-Atl.North
770-509-0700offers@janiceoverbeck.com License #338011
This updated quadruplex is a rare gem, offering impressive returns and a prime location that sets it apart in the investment market. Appraised at $850,000 following a $120,000 rehab completed within the last 14 months, this 5,192 sqft property boasts a strong CAP rate of 7.78%. Assuming a 6.3% interest rate and full occupancy, the property can generate a combined projected annual gross income of $71,736. With an estimated annual expense rate of 16% of gross income ($11,477.76), the property delivers a Net Operating Income (NOI) of $60,258.24. Projected growth and cap rate: leased on full occupancy rents at $1,850 you will have a cap rate of 9.63% and a positive annual cash flow of $31,418.61. The building features four well-designed units - two with 3 bedrooms and 2.5 baths, and two with 2 bedrooms and 2.5 baths. Each unit is thoughtfully appointed with modern kitchen appliances, spacious living rooms, and recently poured concrete private patios with a storage closet overlooking a large shared yard. The property also includes dedicated parking pads for added tenant convenience. Located less than a mile from downtown McDonough and 2.5 miles from I-75, this home is in a prime location. This quadruplex stands out as a prime investment opportunity, combining modern updates, tenant-paid utilities, and a strategic location to deliver consistent income and strong financial growth - an ideal choice for expanding your portfolio. ***No showings until due diligence period. All units are occupied. Please do not disturb tenants.*** Seller is willing to buy down rate with an acceptable offer.

MLS# 10453350 • Data provided by GAMLS
HouseCanary, Inc. Brokerage
Additional home details
Living Area--
Lot Size0.6 Acres
Total Rooms--
Bedrooms--
Bathrooms--
Stories--
Year Built1986
Property TypeMultifamily
Zoning--
HOA Name--
HOA Fee--
HOA IncludesNone
Tax Year--
Tax Amount--
Property in Flood Zone--
More Information On This Home
This home's estimated value
$648,003
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties and sale history
New
Do you own this home?
Access your homeowner dashboard
house

For Sale $765,000
Get_PreApproved_Property_Details
Save
Courtesy of Keller Williams Rlty-Atl.North