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$795,000

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0.57 Acres Lot

New

122 Toby Springs LN Mcdonough, GA 30253

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Ryan Stanley

ryanstanley916@gmail.com +1(239) 908-7213

UPDATED:

12/21/2024 01:04 PM

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

Listed by Keller Williams Realty Atl North

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Ryan Stanley

Agent

+1(239) 908-7213

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