This fully renovated quadruplex at 8537 Pineland Drive is a prime investment opportunity, offering strong cash flow and professional management for a seamless ownership experience.
This 4,520-square-foot property, which was appraised at $830,000 in November 2024 following $120,000 in recent upgrades, features four spacious townhome-style units, each with two bedrooms and two bathrooms. The facility was constructed in 1986 on 0.72 acres and provides on-site surface parking for nine vehicles.
8537 Pineland Drive is easily accessible, sitting minutes from Highway 41 and Highway 85. The location is ideal for commuters, sitting less than 30 minutes from Hartsfield-Jackson Atlanta International Airport and less than 45 minutes from Downtown Atlanta.
All units are leased, generating a projected annual gross income of $69,840 at full occupancy. With estimated expenses at 16% of gross income ($11,174.40), the property delivers a Net Operating Income (NOI) of $58,665.60 and an actual CAP rate of 7.52%, with a projected increase to 8%. Assuming a 6.3% interest rate on a 30-year loan, the annual debt service is approximately $43,424.52, resulting in a projected annual cash flow of $15,241.08.
CURRENT RENT ROLL:
• Unit A: $1394/month (lease until 4/30/26)
• Unit B: $1,495/month (lease until 4/30/26)
• Unit C: $1435/month (lease until 1/31/26)
• Unit D: $1195/monrh (lease until 1/31/2026)