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