GA > Jonesboro > Marsh Harbor
Jonesboro, GA 30238,8511 Pineland DR
Jonesboro, GA 30238,8511 Pineland DR
Jonesboro, GA 30238,8511 Pineland DR
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Maximum One Team

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+1(404) 977-6237
$350,000
Est. payment /mo
0.37 Acres Lot
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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Subdivision Marsh Harbor

MLS Listing ID 7684169

Construction Status Resale

HOA Y/N No

Year Built 1986

Annual Tax Amount $6,378

Tax Year 2024

Lot Size 0.374 Acres

Acres 0.3738

Property Sub-Type Triplex

Source First Multiple Listing Service

Property Description

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

Location

State GA

County Clayton

Area Marsh Harbor

Lake Name None

Interior

Heating Natural Gas

Cooling Central Air

Window Features None

Exterior

Parking Features Driveway

Fence None

Community Features None

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available

Waterfront Description None

View Y/N Yes

View Other

Roof Type Composition

Accessibility None

Handicap Access None

Private Pool false

Building

Lot Description Corner Lot

Story Two

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Brick Front

Construction Status Resale

Schools

Elementary Schools Swint

Middle Schools Kendrick

High Schools Jonesboro

Others

Senior Community no

Tax ID 13244B D001

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First Multiple Listing Service(FMLS)
Listed by Real Broker, LLC.

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Maximum One Team

Maximum One Team

+1(404) 977-6237

Broker | License ID: 294432

Broker License ID: 294432

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