Keller Williams Realty Logo
Description Open House Details Location Market Trends Schools Recent Sales
$255,000 Est. $939 / mo.*

8451 Magnolia Drive Jonesboro , GA 30238

Courtesy of Caitlyn Verdugo, Keller Williams Realty Metro Atlanta 404-564-5560

Description

8 Beds
2 Baths
1,851 Sqft
11,251 Sqft lot
0.26 Acre lot
Status: Active
Property Type: Single Family Residence
Year Built: 1971
Neighborhood: Markland
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.

Open House

Property Details and Features

Property Access
Road Frontage Type:
"City Street"
Road Surface Type:
"Asphalt"
Appliances & Equipment
Appliances:
"Dryer", "Electric Range", "Refrigerator"
Other Equipment:
"None"
Basement
Basement:
"Exterior Entry"
[+] Read More

Contact an Agent

Keith Sharp

404-604-3800 678-778-8774

Location

$255,000 -
8451 Magnolia Drive Jonesboro , GA 30238
City: Jonesboro

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on May 1, 2025 4:17PM.

Similar Properties Nearby