$4,453 Closing Credit¹
#10407683, Ademola Aleilo, Listing Office: 1st Class RE Lanier Group
$720,000 List price
8537 Pineland Dr Jonesboro, GA 30238
$8,550
Closing credit¹
0.7 acres
House
Property details
About 8537 Pineland Dr
PRICED TO SELL. Investors, all units are leased, and the property is being professionally managed. Well maintained quads all updates have been done. Ready for a new owner. 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: Leased in January. (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!
Highlights
HeatingCentral, Heat Pump
StatusActive
CoolingCentral Air
Lot size0.723 Acres
Year built1986
ParkingKitchen Level, Parking Pad
MLS #10418255
Summary
- MLS Number: 10418255
- MLS Name: Georgia MLS 2
- Office Name: Re/Max Town & Country
- Listing Agent: Innovative Properties Group
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.
DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 12:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$720,000
8537 Pineland Dr
$8,550
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Feb 03, 2022 | Home Sold | $4,440,000 |
| Feb 03, 2022 | Home Sold | $7,200,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $190,000 | $7,457 |
| 2022 | $93,240 | $3,704 |
| 2020 | $87,845 | $3,759 |
History based on county public records data.
Nearby schools
4
Swint Elementary School
Public District KG-5
1.1 mi
•500 Highway 138 W
3
Callaway Elementary School
Public District PK-5
1.2 mi
•120 Oriole Dr
3
Pointe South Elementary School
Public District PK-5
1.6 mi
•8482 Thomas Rd
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 $33,776. Residents of Jonesboro, GA typically earn less than $<35k each year. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
51%
<35k
42%
35k-100k
7%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
37%
Single, No Kids
26%
Single, with Kids
13%
Married, No Kids
24%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
23%
<11 yrs old
10%
12-17 yrs old
28%
18-34 yrs old
36%
35-64 yrs old
3%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Soccer
Pro Boxing
Where do the neighbors shop?
Burlington
Family Dollar
Ross Dress For Less
Where do the neighbors go to eat?
Church's Chicken
Wingstop
White Castle
What do the neighbors drive?
Chevrolet
Nissan
Acura
What do the neighbors listen to?
Urban Adult Contemporary
Christian Adult Contemporary
Rock
All data provided by Home Junction and Claritas
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Frequently asked questions
About 8537 Pineland Dr
This home is located at 8537 Pineland Dr in Jonesboro, GA and zip code 30238. Features: 0 bathroom. It has been listed on Rocket Homes since November 23, 2024 and is currently priced at $720,000.
In February 2025, from all listings sold in Jonesboro, GA there were more than 13 sold above asking price, over 28 sold below and more than 19 were sold right at the asked price. The inventory of homes for sale in Jonesboro, GA between January and February 2025 increased by 11.8%. The median list price of listings available in February 2025 was $252,000, while the average time on the real estate market was 56 days.
From Rocket Homes Real Estate and based on county public records data.