#7412781, Valerie Elliott, Listing Office: CCG Realty Group, LLC.
122 Toby Springs Ln Mcdonough, GA 30253
Property details
About 122 Toby Springs Ln
This updated quadruplex is a rare gem, offering impressive returns and a prime location that sets it apart in the investment market. Appraised at $850,000 following a $120,000 rehab completed within the last 14 months, this 5,192 sqft property boasts a strong CAP rate of 7.78%. Assuming a 6.3% interest rate and full occupancy, the property can generate a combined projected annual gross income of $71,736. With an estimated annual expense rate of 16% of gross income ($11,477.76), the property delivers a Net Operating Income (NOI) of $60,258.24. Projected growth and cap rate: leased on full occupancy rents at $1,850 you will have a cap rate of 9.63% and a positive annual cash flow of $31,418.61. The building features four well-designed units - two with 3 bedrooms and 2.5 baths, and two with 2 bedrooms and 2.5 baths. Each unit is thoughtfully appointed with modern kitchen appliances, spacious living rooms, and recently poured concrete private patios with a storage closet overlooking a large shared yard. The property also includes dedicated parking pads for added tenant convenience. Located less than a mile from downtown McDonough and 2.5 miles from I-75, this home is in a prime location. This quadruplex stands out as a prime investment opportunity, combining modern updates, tenant-paid utilities, and a strategic location to deliver consistent income and strong financial growth - an ideal choice for expanding your portfolio. ***No showings until due diligence period. All units are occupied. Please do not disturb tenants.*** Seller is willing to buy down rate with an acceptable offer.
Highlights
(Under Contract)
Summary
- MLS Number: 10453350
- MLS Name: Georgia MLS 2
- Office Name: Keller Williams Rlty-Atl.North
- Listing Agent: Janice Overbeck
Based on information from the Georgia MLS © 2025.
All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.
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Last updated on: 3/15/2025, 6:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$775,000
122 Toby Springs Ln
$9,203
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
5
Wesley Lakes Elementary School
Public District PK-5
0.9 mi
•685 McDonough Pkwy
3
Walnut Creek Elementary School
Public District KG-5
1.5 mi
•3535 McDonough Pkwy
4
Oakland Elementary School
Public District PK-5
2.7 mi
•551 Highway 81 W
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $63,219. Typical income of Mcdonough, GA residents is between $35k-100k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.
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Frequently asked questions
About 122 Toby Springs Ln
This home is located at 122 Toby Springs Ln in Mcdonough, GA and zip code 30253. Features: 0 bathroom. It has been listed on Rocket Homes since February 5, 2025 and is currently priced at $775,000.
In February 2025 more than 27 listings in Mcdonough, GA were sold above the asking price. During the same period more than 21 listings were sold at asking price, while more than 61 were sold below. Between January and February 2025, Mcdonough, GA real estate market has seen increase in the number of listings by 13.5%. While the average time on the market in February 2025 was 66 days, the median list price was $355,142.