122 Toby Springs LN new Save Request In-Person Tour Request Virtual Tour
Mcdonough,GA 30253
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Toby Springs
MLS Listing ID 10429551
Construction Status Resale
HOA Y/N No
Year Built 1986
Annual Tax Amount $7,007
Tax Year 2024
Lot Size 0.570 Acres
Property Description
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
State GA
County Henry
Rooms
Basement None
Interior
Heating Forced Air,Natural Gas
Cooling Ceiling Fan(s),Central Air
Fireplaces Number 4
Exterior
Parking Features Parking Pad
Garage Spaces 8.0
Community Features None
Utilities Available Other
Building
Story Two
Sewer Public Sewer
Level or Stories Two
Construction Status Resale
Schools
Elementary Schools Walnut Creek
Middle Schools Mcdonough Middle
High Schools Mcdonough
Others
Special Listing Condition Investor Owned