Jonesboro, GA 30238,8451 Magnolia DR
Jonesboro, GA 30238,8451 Magnolia DR
Jonesboro, GA 30238,8451 Magnolia DR
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

8 Beds

2 Baths

1,851 SqFt


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$ 255,000
Est. payment | /mo
Save

8 Beds

2 Baths

1,851 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status New

Purchase Type For Sale

Square Footage 1,851 sqft

Price per Sqft $137

Subdivision Markland

MLS Listing ID 10511216

Style Other

Bedrooms 8

Full Baths 2

HOA Y/N No

Originating Board Georgia MLS 2

Year Built 1971

Annual Tax Amount $2,918

Tax Year 24

Lot Size 0.258 Acres

Acres 0.258

Lot Dimensions 11238.48

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

Rooms

Basement Interior Entry, Exterior Entry

Interior

Interior Features Other

Heating Natural Gas, Central

Cooling Electric, Central Air

Flooring Carpet, Tile, Vinyl

Fireplace No

Appliance Gas Water Heater, Oven/Range (Combo), Refrigerator

Laundry None

Exterior

Parking Features Off Street

Garage Spaces 4.0

Community Features None

Utilities Available Cable Available

View Y/N No

Roof Type Other

Total Parking Spaces 4

Garage No

Private Pool No

Building

Lot Description Level

Faces 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

Sewer Public Sewer

Water Public

Structure Type Wood Siding

New Construction No

Schools

Elementary Schools Lee Street

Middle Schools Jonesboro

High Schools Jonesboro

Others

HOA Fee Include None

Tax ID 13239C F008

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Resale

Georgia MLS - GAMLS
agent
Laura Delgado

Broker / Team Lead | License ID: 268329

+1(470) 796-3138 | laura@ldrealtyteam.com

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8451 Magnolia DR