8451 Magnolia Drive

Jonesboro, GA 30238

  • 8 Bed(s)
  • 2 Bath(s)
  • 1,851 Sqft
  • 0.258
    Acre(Lot)
$255,000

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.

  • Property Type

    Residential

  • Subdivision

    Markland

  • County

    Clayton

  • Style

    Other

  • AD ID

    49566689

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Property Details

  • Bedroom Information

    • Total Bedrooms : 8
    • Bedrooms On Upper Level: 3
    • Bedrooms On Lower Level: 3
    • Main Bedrooms: 2
    • Room Type: Other

    Bathroom Information

    • Total Baths: 2
    • Full Baths: 2
    • Half Baths: 0
    • Full Baths Main: 0
    • Baths Full Lower: 0
    • Baths Full Upper: 2

    Water/Sewer

    • Water Source: Public
    • Sewer: Public Sewer

    Interior Features

    • Other

    Appliances

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

    Utilities

    • Cable Available

    Cooling Features

    • Electric,Central Air

    Heating Source

    • Natural Gas,Central

    Fireplace

    • Number of Fireplaces: 0

  • Building Information

    • Built Year: 1971
    • Roof Type: Other
    • Basement: Interior Entry,Exterior Entry

    Laundry Features

    • None

    Construction Materials

    • Wood Siding

    Property Condition

    • Resale

  • Lot Information

    • Lot Size (Acr): 0.258
    • Land Lot: 8
    • Lot Size Source: Public Records
    • Lot Features: Level

    Property Information

    • Property Type: Residential
    • Property Sub Type: Single Family Residence
    • Structure Type: Other
    • Subdivision: Markland
    • City: Jonesboro
    • State: GA
    • Directions: 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
    • Property Status: New

  • Listing Price Information

    • Original List Price: $255,000

  • Tax Information

    • Annual Tax: $2918
    • Tax Year: 24
    • Tax Block: B
    • Tax Lot: 8

    Home Warranty

    • Home Warranty Paid: No

  • Parking Information

    • Parking: 4
    • Parking Features: Off Street

    Homeowners Association Information

    • Association: No
    • Association Fee Includes: None

  • School Information

    • Elementary School: Lee Street
    • High School: Jonesboro
    • High School Bus: Yes
    • Middle School: Jonesboro
    • Middle School Bus: Yes
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Byowner are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2025 Georgia MLS. All rights reserved.

BuyOwner last updated this listing 05/04/2025 @ 18:09

  • MLS: 10511216
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Georgia MLS

is a Home, with 8 bedrooms which is recently sold, it has 1,851 sqft, 0 sized lot, and 4 parking. are nearby neighborhoods.