Title Page Background

8537 Pineland
Jonesboro, GA 30238
Innovative Properties Group with Re/Max Town & Country, original listing - (404) 410-2927

« Prev
Next »
Currently Displayed Property Photo


Property Details


List Price: $735,000
Beds: --
Baths: --
Status: Active
SqFt: --
Agency: Re/Max Town & Country
Agency Phone: (404) 410-2927

Map Details Show Map | Show StreetView




Description/Comments


Lot Size: 0 acre(s)
Property Type: Residential Multi Family-Other
Year Built: 1986
Notes: 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!
MlsNumber: --
ListingId: 10418255


Listing Provided By: Re/Max Town & Country, original listing
Phone: (404) 410-2927
Office Phone: (404) 410-2927
Agent Name: Innovative Properties Group
Disclaimer: Copyright © 2024 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Local Real Estate Expert

Real Estate Expert Photo for Shacara Thomas
Shacara Thomas
Rising Star Properties
Call Today!: (770) 912-4934

USHUD.com on the Go!

Foreclosure Mobile App
Ushud Foreclosure iPhone App
Ushud Foreclosure Android App