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$670,000
8537 Pineland Drive, Jonesboro, GA 30238Listing ID 7552008

8537 Pineland Drive, Jonesboro, GA 30238

Sold
Marsh Harbor
Time on site: 495 daysLast updated: Dec 12, 2025
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
Quadruplex
Acres
Acres
0.72
Cooling
Cooling
Central Air
Heating
Heating
Central, Heat Pump
Year Built
Year Built
1986
Parking
Parking
Level Driveway, Driveway

This fully renovated quadruplex consists of four units, each with 2 bedrooms and 1.5 baths. Recent upgrades include expansive back decks and additional storage, all backing onto a peaceful greenbelt. Professionally managed and move-in ready, the property offers a turnkey opportunity for investors looking to build long-term wealth. This 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 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.

Property Information

Property Details

Location

Address
8537 Pineland Drive
County
Clayton - GA
City
Jonesboro
Zip Code
30238
Subdivision
Marsh Harbor
High School
Mundys Mill
Elementary School
Swint
Keller Williams Realty Atl North, (770) 509-0700Bought with Berkshire Hathaway HomeServices Georgia Properties

Interior Features

Heating and Cooling

Cooling
Central Air
Heating
Central, Heat Pump

Building

Building Information

Year Built
1986
Construction
Vinyl Siding
Roof
Composition
Condition
Updated/Remodeled

Property Taxes

Tax Annual Amount
$7,457
Tax Year
2024
Source: First Multiple Listing Service
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