Active

122 Toby Springs Lane

Mcdonough GA, 30253

$795,000


Active

Multi-family

Built in 1986

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.

7499249

MLS ID

December 20, 2024

Listed

December 21, 2024

Updated

Map

122 Toby Springs Lane
Mcdonough GA, 30253

Interior Features

Total Stories

2


Floor Description

Luxury Vinyl


Fireplace

No


Cooling

Yes


Cooling Description

Ceiling Fan(s), Central Air


Heating

Yes


Heating Description

Forced Air, Natural Gas

Exterior/Building Features

Lot Size

0.57 Acres


Lot Features

Level


Roof

Composition


Sewer

Public Sewer

School Information

High School

McDonough


Elementary School

Walnut Creek

Other Property Details

Taxes

$7,007


Tax Frequency

Annually


Days on Market

1


Garage

No


Parking

Driveway, Level Driveway


Parking Total

8


View

Yes


View Description

Other


County

Henry - GA


Water Source

Public


Pool

No

Green Building Features

Green Features

None

Listed by Janice Overbeck with Keller Williams Realty Atl North 770-509-0700

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Data last updated 1:40 PM UTC, 12/21/2024

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