GA > Jonesboro > Markland
Jonesboro, GA 30238,8451 Magnolia DR
Jonesboro, GA 30238,8451 Magnolia DR
Jonesboro, GA 30238,8451 Magnolia DR
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$255,000
Est. payment /mo
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8 Beds
2 Baths
1,851 SqFt
New

8451 Magnolia DR Jonesboro, GA 30238

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Quillie Williams

Quillie Williams

+1(678) 573-6100

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,851 sqft

Price per Sqft $137

Subdivision Markland

MLS Listing ID 7569651

Style Other

Bedrooms 8

Full Baths 2

Construction Status Resale

HOA Y/N No

Originating Board First Multiple Listing Service

Year Built 1971

Annual Tax Amount $2,918

Tax Year 2024

Lot Size 0.258 Acres

Acres 0.2583

Property Sub-Type Single Family Residence

Property Description

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.

Location

State GA

County Clayton

Lake Name None

Rooms

Bedroom Description Other

Other Rooms None

Basement Exterior Entry

Main Level Bedrooms 2

Dining Room None

Bedroom Other

Interior

Interior Features Other

Heating Natural Gas

Cooling Central Air

Flooring Carpet, Ceramic Tile, Vinyl

Fireplaces Type None

Window Features None

Appliance Dryer, Electric Range, Refrigerator

Laundry Common Area

Exterior

Exterior Feature None

Parking Features Driveway

Fence None

Pool None

Community Features None

Utilities Available Electricity Available, Water Available

Waterfront Description None

View Other

Roof Type Composition,Shingle

Street Surface Asphalt

Accessibility None

Handicap Access None

Porch Deck

Total Parking Spaces 4

Private Pool false

Building

Lot Description Back Yard

Story Multi/Split

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Other

Level or Stories Multi/Split

Structure Type Cedar,Frame,Wood Siding

New Construction No

Construction Status Resale

Schools

Elementary Schools Lee Street

Middle Schools Jonesboro

High Schools Jonesboro

Others

Senior Community no

Restrictions false

Tax ID 13239C F008

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

First Multiple Listing Service(FMLS)
Listed by Keller Williams Realty Metro Atlanta

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agent

Quillie Williams

Broker Associate | License ID: 204690

+1(678) 573-6100

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8451 Magnolia DR

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