8537 Pineland Drive
Description
PROPERTY HIGHLIGHTS: Unit Type: 4-unit Large Townhome quadplex, each with 2 beds and 2 baths, totaling 4,520 sq. ft. • Recent Renovations: $120,000 over the last 14 months, including large back decks and added storage, backing onto a quiet greenbelt. CURRENT RENT ROLL: • Unit A: 51,395 (lease until 4/30/25) • Unit B: 51,495 (lease...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. • Recent Renovations: $120,000 over the last 14 months, including large back decks and added storage, backing onto a quiet greenbelt. CURRENT RENT ROLL: • Unit A: 51,395 (lease until 4/30/25) • Unit B: 51,495 (lease until 4/30/25) • Unit C: 51,435 (lease until 1/31/26) • Unit D: Vacant (potential rent assumed at $1,495) FINANCIAL SUMMARY: 1. Gross Rental Income: • Annual income assuming full occupancy: $69,840 2. Annual Expenses: • Estimated at 16% of gross income: $11,174.40 3. Net Operating Income (NOl): • After expenses: $58,665.60 4. Cap Rate: • Actual cap rate is 7.52%, Projected 8% CAP RATE! Cash Flow: • Assuming a 6.3% interest rate on a 30-year loan, the annual debt service is approximately $43,424.52. • 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!
- Listed by Innovative Prop Group • REMAX Town & Country Innovative Properties Group • 404-410-2927
- Listed by Sandra Watkins • REMAX Town & Country Innovative Properties Group
Property Details for 8537 Pineland Drive
Property Details for 8537 Pineland Drive
| Status | Active |
|---|---|
| MLS # | 7489301 |
| Days on Market | 46 |
| Taxes | $5,809 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income / Quadruplex |
| Year Built | 1986 |
| Lot Size | 0.72 AC / 31,502 SF |
| County | Clayton County |
Building Information for 8537 Pineland Drive
Property Information for 8537 Pineland Drive
- Community Features: None
- Directions: GPS
- Lake Name: None
- View: Other
- Coordinates: -84.384146, 33.521715
- Parcel Number: 13244B F001
- Tax Year: 2023
- Association: No
- Block: C
- Tax Legal Description: BLK C LOT 1
- Tax Lot: 1
- Elementary School: Swint
- High School: Mundys Mill
- Middle School: Pointe South
- Virtual Tour Link PP: https://www.propertypanorama.com/8537-Pineland-Drive-Jonesboro-GA-30238/unbranded
- Cooling: Central Air
- Heating: Central, Heat Pump
- Levels/Stories: Two
- Window Features: Insulated Windows
- Bathrooms Total Interger: 0
- Accessibility Features: None
- Construction Materials: Vinyl Siding
- Fencing: None
- Roof Type: Composition
- Security Features: Carbon Monoxide Detector(s)
- Pool Private: No
- Sewer: Public Sewer
- Utilities: Cable Available,Electricity Available,Natural Gas Available,Phone Available,Sewer Available,Water Available
- Water Source: Public
- Home Warranty: No
- Plat Book: 22
- Plat Page: 28
- Property Condition: Resale
- Possession: Negotiable
- Green Energy Efficient: None
- Green Energy Generation: None
- Land lot: 244
- Lot Features: Level
- Acreage Source: Public Records
- Unit Count: 4
- NUM OF UNITS: 4
- Unit Deposit Amount: $1,495.00
- Unit Electric Included: No
- Unit Features: Central Air, Deck, Dishwasher, Range/Oven, Refrigerator, Smoke Alarm, Washer
- Unit Garbage Included: Yes
- Unit Gas Included: No
- Unit Half Baths: 0
- Unit Maintenance Included: No
- Unit Occupant: Tenant Occupies
- Unit Water Included: No
- Unit Rent Amount: $1,495.00
- Unit Full Baths: 2
- Unit Bedrooms: 2
- Unit Deposit Amount: $1,435.00
- Unit Electric Included: No
- Unit Features: Central Air, Deck, Dishwasher, Dryer, Range/Oven, Refrigerator, Smoke Alarm, Washer
- Unit Garbage Included: Yes
- Unit Gas Included: No
- Unit Half Baths: 0
- Unit Maintenance Included: No
- Unit Occupant: Tenant Occupies
- Unit Water Included: No
- Unit Rent Amount: $1,435.00
- Unit Full Baths: 2
- Unit Bedrooms: 2
- Unit Deposit Amount: $.00
- Unit Electric Included: No
- Unit Features: Central Air, Deck, Dishwasher, Dryer, Range/Oven, Refrigerator, Smoke Alarm, Washer
- Unit Garbage Included: Yes
- Unit Gas Included: No
- Unit Half Baths: 0
- Unit Maintenance Included: No
- Unit Occupant: Vacant
- Unit Water Included: No
- Unit Rent Amount: $1,495.00
- Unit Full Baths: 2
- Unit Bedrooms: 2
- Unit Deposit Amount: $1,395.00
- Unit Electric Included: No
- Unit Features: Central Air, Deck, Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
- Unit Garbage Included: Yes
- Unit Gas Included: No
- Unit Half Baths: 0
- Unit Maintenance Included: No
- Unit Occupant: Tenant Occupies
- Unit Water Included: No
- Unit Rent Amount: $1,395.00
- Unit Full Baths: 2
- Unit Bedrooms: 2
- Occupant Types: Tenant
Property History for 8537 Pineland Drive
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 8537 Pineland Drive
Schools near 8537 Pineland Drive
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Swint Elementary School PublicPK to 5 | ||
Pointe South Middle School Public6 to 8 | ||
Mundy's Mill High School Public9 to 12 | ||
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of REMAX Town & Country Innovative Properties Group, Innovative Prop Group; REMAX Town & Country Innovative Properties Group, Sandra Watkins
Based on information from one of the following Multiple Listing Services:FMLS,FMLS_CS,GAMLS,Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS.Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by FMLS,FMLS_CS,GAMLS, Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
