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Renee Stutts

renee@sentateam.com +1(404) 695-8087

Listed by Janice Overbeck • Keller Williams Rlty-Atl.North

$795,000

Est. payment - /mo

0.57 Acres Lot

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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

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Renee Stutts

+1(404) 695-8087

REALTOR®/Sales Advisor | License ID: 408104

REALTOR®/Sales Advisor License ID: 408104

122 Toby Springs LN Mcdonough, GA 30253

Renee Stutts

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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