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(404) 843-2500

8451 Magnolia Drive

$255,000

8451 Magnolia Drive, Jonesboro, GA 30238Listing ID 10511216

8451 Magnolia Drive, Jonesboro, GA 30238

Sold

Markland

Time on site: 468 days • Last updated: Dec 11, 2025

Property Type

Residential

Property Sub Type

Single Family Residence

Bedrooms

Bathrooms

Square Feet

1,851

Acres

0.26

Cooling

Electric, Central Air

Heating

Natural Gas, Central

Year Built

1971

Parking

Off Street

This turnkey 8-bedroom, 3-bathroom (2 shared baths) co-living home presents a rare opportunity for investors seeking high monthly cash flow in the Atlanta metro area. Fully renovated and fully occupied through PadSplit, this 1,850 sqft property generates $4,450/month in gross rents with an estimated NOI of $2,300/month and a 10.6% cap rate. Just minutes from major interstates and Hartsfield-Jackson International Airport, Magnolia Drive is ideally positioned for workforce housing, attracting reliable tenants looking to live closer to job hubs. PadSplit is a co-living platform that helps provide affordable housing to working professionals while maximizing returns for property owners. The platform handles tenant screening and onboarding, income verification, rent collection, and provides easy communication and maintenance management tools. If you're unfamiliar with how PadSplit works or want to explore whether this model is right for you, reach out-we'd be happy to walk you through it.

Property Information

Property Details

Location

Address

8451 Magnolia Drive

County

Clayton

City

Jonesboro

Zip Code

30238

Subdivision

Markland

High School

Jonesboro

Elementary School

Lee Street

Interior Features

Beds and Baths

Bedrooms

Main Level Bedrooms

Full Bathrooms

Building

Building Information

Square Feet

1,851

Year Built

1971

Construction

Wood Siding

Roof

Other

Condition

Resale

Financial

Special Conditions

Investor Owned

Property Taxes

Tax Annual Amount

$2,918

Tax Year

Listing provided by Keller Williams Realty, (404) 564-5560 • Bought with Keller Williams Realty

Source: Georgia MLS

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Redfin are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2026 Georgia MLS. All rights reserved.

For corrections to this data please contact Brytecore MLS Support.

VERDUGOCAITL