GA > Mcdonough > Toby Springs
Mcdonough, GA 30253,122 Toby Springs LN
Mcdonough, GA 30253,122 Toby Springs LN,Video Tour
Mcdonough, GA 30253,122 Toby Springs LN
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Stefania Wade

Stefania Wade

+1(404) 547-6077
$765,000
Est. payment /mo
0.57 Acres Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family,Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Toby Springs

MLS Listing ID 10453350

HOA Y/N No

Originating Board Georgia MLS 2

Year Built 1986

Annual Tax Amount $7,007

Tax Year 2024

Lot Size 0.570 Acres

Acres 0.57

Lot Dimensions 24829.2

Property Sub-Type Multi Family,Quadruplex

Property Description

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 7.78%. Assuming a 6.3% interest rate and full occupancy, the property can generate a combined projected annual gross income of $71,736. With an estimated annual expense rate of 16% of gross income ($11,477.76), the property delivers a Net Operating Income (NOI) of $60,258.24. Projected growth and cap rate: leased on full occupancy rents at $1,850 you will have a cap rate of 9.63% and a positive annual cash flow of $31,418.61. 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.

Location

State GA

County Henry

Rooms

Basement None

Interior

Heating Forced Air, Natural Gas

Cooling Ceiling Fan(s), Central Air

Fireplaces Number 4

Fireplace Yes

Exterior

Parking Features Off Street

Garage Spaces 8.0

Community Features None

Utilities Available Other

View Y/N No

Total Parking Spaces 8

Garage No

Private Pool No

Building

Faces From I-75 S, take exit 221 and turn left on Fayetteville Rd/Jonesboro Rd. Then take the second exit at the traffic circle to a right on Geranium Dr. Turn right on Toby Springs Connector and right on Toby Springs Ln. The property will be on the right.

Sewer Public Sewer

Water Public

Structure Type Stone Frame

New Construction No

Schools

Elementary Schools Walnut Creek

Middle Schools Mcdonough Middle

High Schools Mcdonough

Others

HOA Fee Include None

Tax ID M0909026000

Special Listing Condition Resale

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Stefania Wade

+1(404) 547-6077

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