8451 Magnolia Drive

8451 Magnolia Drive, Jonesboro, GA 30238

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For Sale $255,000
MLS Number 10511216
8 Bedrooms
2 Bathrooms
0 Half Baths
Square Footage - 1,851 *estimated
This turnkey 8 bedroom 3 bathroom 2 shared baths co living home presents a rare opportunity for investors seeking high monthly cash flow in the Atlanta metro area Fully renovated and fully occupied through PadSplit this 1 850 sqft property generates 4 450 month in gross rents with an estimated NOI of 2 300 month and a 10 6 cap rate Just minutes from major interstates and Hartsfield Jackson International Airport Magnolia Drive is ideally positioned for workforce housing attracting reliable tenants looking to live closer to job hubs PadSplit is a co living platform that helps provide affordable housing to working professionals while maximizing returns for property owners The platform handles tenant screening and onboarding income verification rent collection and provides easy communication and maintenance management tools If you re unfamiliar with how PadSplit works or want to explore whether this model is right for you reach out we d be happy to walk you through it
County
Clayton
Neighborhood
Markland
Year Built
1971
Lot Size
Less than .5 Acres
Taxes
$2,918
High School
Jonesboro
Middle School
Jonesboro
Elementary School
Lee Street
Basement
Yes
8451 Magnolia Drive - Map & Directions
view in Google Maps
Get on I 20 W in Atlanta from W Ponce de Leon Ave East Lake Dr Second Ave and Memorial Dr SE Follow I 20 W and I 75 S to Tara Blvd in Clayton County Take exit 235 from I 75 S Continue on Tara Blvd Drive to Magnolia Dr Continue onto Tara Blvd Continue straight onto US 19 S US 41 S Tara Blvd Turn right onto Dixon Rd Turn left onto Holly Dr Turn left onto Magnolia Dr Destination will be on the right
Summary of 8451 Magnolia Drive
8451 Magnolia Drive is a 1,851 (*estimated) square foot home with 8 bedrooms and 2 bathrooms located in Jonesboro GA, Clayton County. This property is listed for sale at $255,000 and is currently active and accepting offers.
listed by real estate agent caitlyn verdugo and courtesy of keller williams realty
The Rains Team
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