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!

Location

• SubdivisionMarsh Harbor
• Zip Code30238
• CityJonesboro
• CountyClayton - GA

Schools

• ElementarySwint
• JuniorPointe South
• HighMundys Mill

MLS Data

• StatusActive
• MLS #7489301
• TypeResidential Income
• SpecialOwner/Agent

Exterior Details

• ConstructionVinyl Siding
• Built In1986
• StoriesArray
• ParkingParking Lot, Paved
• UtilitiesCable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
• SewerPublic Sewer
• Lot DescriptionLevel
• Acres0.7232

Listing Provided Courtesy Of: REMAX Town & Country Innovative Properties Group 404-410-2927