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 7.88%. Assuming a 6.3% interest rate and full occupancy, the property can generate a combined projected annual gross income of $74,568. With estimated annual expenses of $11,930.88, the property delivers a Net Operating Income (NOI) of $62,637.12. Projected growth and cap rate: leased on full occupancy rents at $1,850 you will have a cap rate of 9.38% and a positive annual cash flow of $15,876.48. 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.

Location

• SubdivisionToby Springs
• Zip Code30253
• CityMcdonough
• CountyHenry - GA

Schools

• ElementaryWalnut Creek
• JuniorMcDonough
• HighMcDonough

MLS Data

• StatusActive
• MLS #7499249
• TypeResidential Income
• SpecialInvestor Owned

Exterior Details

• ConstructionFrame
• Built In1986
• StoriesArray
• ParkingDriveway, Level Driveway
• UtilitiesElectricity Available, Water Available
• SewerPublic Sewer
• Lot DescriptionLevel
• Lot Dimensions148x91x87x166x177
• Acres0.57

Listing Provided Courtesy Of: Keller Williams Realty Atl North 770-509-0700