8537 Pineland Dr
Jonesboro, GA 30238
8 Beds
6 Baths
4,520 Sq Ft
41 Days on Market
For Sale $689,500
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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 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 occupiedCoplease do not disturb tenants.*** The seller is willing to negotiate an interest rate buy-down to improve cash flow.

MLS# 10492350 • Data provided by GAMLS
HouseCanary, Inc. Brokerage
Additional home details
Living Area4,520 Sq.Ft.
Lot Size0.7 Acres
Total Rooms16
Bedrooms8
Bathrooms6
Stories2
Year Built1986
Property TypeMultifamily
ZoningRM
HOA Name--
HOA Fee--
HOA IncludesNone
Tax Year2024
Tax Amount$7,457
Property in Flood Zone--
More Information On This Home
This home's estimated value
$697,611
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
New
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8537 Pineland Dr., Jonesboro, GA 30238

Multifamily
8 Beds
6 Baths
4,520 Sq Ft
41 Days on Market

Listing Agent & Comments

Janice OverbeckKeller Williams Rlty-Atl.North
770-509-0700offers@janiceoverbeck.com License #338011
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 occupiedCoplease do not disturb tenants.*** The seller is willing to negotiate an interest rate buy-down to improve cash flow.

MLS# 10492350 • Data provided by GAMLS
HouseCanary, Inc. Brokerage
Additional home details
Living Area4,520 Sq.Ft.
Lot Size0.7 Acres
Total Rooms16
Bedrooms8
Bathrooms6
Stories2
Year Built1986
Property TypeMultifamily
ZoningRM
HOA Name--
HOA Fee--
HOA IncludesNone
Tax Year2024
Tax Amount$7,457
Property in Flood Zone--
This property is missing data for:
Comparable properties
New
Do you own this home?
Access your homeowner dashboard
house
For Sale $689,500
Get_PreApproved_Property_Details
Save
Courtesy of Keller Williams Rlty-Atl.North
8537 Pineland Dr
Jonesboro, GA 30238
8 Beds
6 Baths
4,520 Sq Ft
41 Days on Market

Listing Agent & Comments

Janice OverbeckKeller Williams Rlty-Atl.North
770-509-0700offers@janiceoverbeck.com License #338011
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 occupiedCoplease do not disturb tenants.*** The seller is willing to negotiate an interest rate buy-down to improve cash flow.

MLS# 10492350 • Data provided by GAMLS
HouseCanary, Inc. Brokerage
Additional home details
Living Area4,520 Sq.Ft.
Lot Size0.7 Acres
Total Rooms16
Bedrooms8
Bathrooms6
Stories2
Year Built1986
Property TypeMultifamily
ZoningRM
HOA Name--
HOA Fee--
HOA IncludesNone
Tax Year2024
Tax Amount$7,457
Property in Flood Zone--
More Information On This Home
This home's estimated value
$697,611
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
New
Do you own this home?
Access your homeowner dashboard
house

For Sale $689,500
Get_PreApproved_Property_Details
Save
Courtesy of Keller Williams Rlty-Atl.North