8511 Pineland Dr., Jonesboro, GA 30238

8511 Pineland Dr., Jonesboro, GA 30238
Photo 1 of 56
$350,000
Beds Baths Sq. Ft. Taxes Built
0.00 0 $6,378 1986
On the market: 1 day

Est. Monthly Payment:

$2,628($2,096 + $532 taxes*)

Don't let your dream home get away from you! Be prepared!  Get qualified for a home loan today.

APPROVED
View full details, photos, school info, and price history
This extensively upgraded brick triplex consists of three spacious townhome-style units, each offering 2 bedrooms and 2.5 baths — a rare and highly desirable layout that consistently attracts quality long-term tenants. The seller has completed $100,000+ of capital improvements over the past 12 months alone, including a brand-new architectural roof, full exterior lime-wash and repainting, upgraded bathrooms, new exterior doors and locksets, mechanical room improvements, water-heater upgrades, drywall repairs, fresh interior paint, and updated flooring and appliances in select units. Professionally maintained and fully occupied, the property provides a turnkey, low-maintenance investment opportunity. All three units are leased through mid-2026 with reliable, long-term tenants in place. Current rents of $1,040, $1,385, and $1,385 per month produce an annual gross income of $49,320. Based on existing income and typical operating expenses for similar multifamily assets, the property offers an in-place cap rate in the mid-6% range, with additional upside available over time. The size of the units are roughly 1260 square feet each. Given the extensive recent improvements and strong 2-bed/2.5-bath configuration, there is natural room for rent alignment at renewal as leases expire — without the need for disruptive or aggressive value-add strategies. Situated on a quiet corner lot in an established residential subdivision, the property features dedicated parking, a functional roommate-friendly layout, and convenient access to shopping, dining, and major transportation routes throughout Jonesboro and Clayton County. With major capex already completed and stable tenancy in place, this triplex represents a prime opportunity for investors seeking strong fundamentals and reliable long-term performance
Listing courtesy of Vincent Crane, Real Broker, LLC.