Jonesboro GA Multi Family for Sale
- Type:
- Fourplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.72 Acres
- Year built:
- 1986
- Baths:
- MLS#:
- 10418255
- Subdivision:
- Marsh Harbor
View additional info
Courtesy: Re/Max Town & Country
4044102927
ADDITIONAL INFORMATION
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!
$200,000
556 Maggie Lane Jonesboro, GA 30238
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.1 Acres
- Year built:
- 2008
- Baths:
- MLS#:
- 7488167
- Subdivision:
- River Oaks
View additional info
Courtesy: Sovereign Realty and Management, LLC.
404-974-4694
ADDITIONAL INFORMATION
Here’s your chance to enhance your rental portfolio with a well-maintained 3-bedroom, 2.5-bathroom townhouse located just south of Atlanta. This property is tenant-occupied, offering immediate rental income. The long-term tenant, who has resided in the home for over 8 years, is currently paying $1,470 per month, with a lease in place until March 31, 2025. This townhouse boasts an open-concept layout, with the kitchen, living, and dining areas flowing seamlessly—perfect for both everyday living and entertaining. The all-electric kitchen includes a pantry for convenient storage, while upstairs features generously sized bedrooms and a versatile loft space ideal for a home office or cozy retreat. The backyard is ready for outdoor enjoyment, and a brand-new HVAC system, installed in August 2022 with a warranty, ensures comfort and reliability. Situated in a desirable community near local restaurants, a gym, grocery stores, and just a short drive from Hartsfield-Jackson Atlanta International Airport, this property combines lifestyle appeal with excellent investment potential. Don’t miss this opportunity to own a turn-key investment in a prime location!
- Type:
- Townhouse
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1986
- Baths:
- MLS#:
- 10337856
- Subdivision:
- Ansley Pointe
View additional info
Courtesy: Chapman Hall Premier, Realtors
7704547840
ADDITIONAL INFORMATION
INVESTOR DREAM - CASH COW - NO RENTAL RESTRICTIONS-NO HOA ..Nice,spacious, updated TOWNHOUSE , fresh paint interior/exterior, new carpet upstairs and new faux finyl hardwood flooring main level, brick fireplace in living room, attached dining room, spacious eat in kitchen. Two separate master suites each with private bathrooms. Ceiling fans thru out, private fenced patio with two attached storage closets. End unit, 2 car off street parking pad. 9% cap rate
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Jonesboro Real Estate
The median home value in Jonesboro, GA is $240,700. This is higher than the county median home value of $233,900. The national median home value is $338,100. The average price of homes sold in Jonesboro, GA is $240,700. Approximately 27.73% of Jonesboro homes are owned, compared to 61.88% rented, while 10.39% are vacant. Jonesboro real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Jonesboro real estate agent to arrange a tour today!
Jonesboro, Georgia 30238 has a population of 4,492. Jonesboro 30238 is less family-centric than the surrounding county with 22.36% of the households containing married families with children. The county average for households married with children is 22.86%.
The median household income in Jonesboro, Georgia 30238 is $31,033. The median household income for the surrounding county is $51,945 compared to the national median of $69,021. The median age of people living in Jonesboro 30238 is 32 years.
Jonesboro Weather
The average high temperature in July is 89.5 degrees, with an average low temperature in January of 32.6 degrees. The average rainfall is approximately 49.5 inches per year, with 1.7 inches of snow per year.