122 Toby Springs LN new Save Request In-Person Tour Request Virtual Tour
Mcdonough,GA 30253
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Toby Springs
MLS Listing ID 7499249
Construction Status Resale
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1986
Annual Tax Amount $7,007
Tax Year 2024
Lot Size 0.570 Acres
Acres 0.57
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
Lake Name None
Interior
Heating Forced Air,Natural Gas
Cooling Ceiling Fan(s),Central Air
Flooring Luxury Vinyl
Window Features None
Exterior
Parking Features Driveway,Level Driveway
Fence None
Community Features None
Utilities Available Electricity Available,Water Available,Other
Waterfront Description None
View Other
Roof Type Composition
Accessibility None
Handicap Access None
Total Parking Spaces 8
Private Pool false
Building
Lot Description Level
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Frame
New Construction No
Construction Status Resale
Schools
Elementary Schools Walnut Creek
Middle Schools Mcdonough
High Schools Mcdonough
Others
Senior Community no
Tax ID M0909026000
Special Listing Condition None