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Located at 8537 Pineland, Jonesboro, Georgia 30238, this Multi-Family Home is for Sale with a price of $675,000 USD. The property was built in 1986,. This listing encompasses a lot of .72 Acres. See all Homes for Sale in Jonesboro.
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34. 8537 Pineland
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Description

8537 Pineland,

Jonesboro, GA 30238

This fully renovated quadruplex consists of four units, each with 2 bedrooms and 1.5 baths. Recent upgrades include expansive back decks and additional storage, all backing onto a peaceful greenbelt. Professionally managed and move-in ready, the property offers a turnkey opportunity for investors looking to build long-term wealth. This is a prime investment opportunity, offering strong cash flow and professional management for a seamless ownership experience. Appraised at $830,000 in November 2024 following $120,000 in recent upgrades, this 4,520 sq ft property features four spacious townhome-style units. Fully leased, the units generate a projected annual gross income of $69,840 at full occupancy. With estimated expenses at 16% of gross income ($11,174.40), the property delivers a Net Operating Income (NOI) of $58,665.60 and an actual CAP rate of 7.52%, with a projected increase to 8%. Assuming a 6.3% interest rate on a 30-year loan, the annual debt service is approximately $43,424.52, resulting in a projected annual cash flow of $15,241.08. **No showings until the due diligence period. All units are occupied-please do not disturb tenants.** The seller is willing to negotiate an interest rate buy-down to improve cash flow.

This is an Active listing.

Broker Office Phone Number: 770-509-0700

Copyright © 2025Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Listing By: Keller Williams Realty Atlanta North via Data Source: Georgia Multiple Listing Service 
$675,000
price
$7,457
Annual taxes
Multi-Family Home
Property type
1986
Year Built
Clayton County
School District
Clayton County
School District
clayton-county-jonesboro-ga
Schools
Swint
Elementary
Pointe South
Middle
Mundys Mill
High
13738358
Web Id
10492350
MLS ID
108
Days Posted

Price HistoryView all +

datepricevariancetype
7/17/2025$675,000 0.66 %decreased
6/10/2025$679,500 1.45 %decreased
5/15/2025$689,500 1.50 %decreased
4/13/2025$700,000 2.78 %decreased
2/16/2025$720,000--
2/16/2025$720,000 1.03 %decreased
1/22/2025$727,500 1.02 %decreased
11/20/2024$735,000-Listed
listing agent: Janice Overbeck
more info
0.72 Acres
Exterior
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    Reduced

    8537 Pineland
    Jonesboro, GA 30238

    $675,000