Active
$255,000

8451 Magnolia Drive Jonesboro, GA 30238

  • 8   Bedrooms
  • 2   Bathrooms
  • 1,851 SQ FTSource: Public Records
8451 Magnolia Drive 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.

Schools

  • Elementary
    Lee Street
  • Middle
    Jonesboro
  • High
    Jonesboro

    • Location

  • Subdivision
    Markland
  • Zip Code
    30238
  • City
    Jonesboro
  • County
    Clayton - GA

    • Property Data

  • Status
    Active
  • MLS #
    7569651
  • Type
    Residential
  • Special
    Investor Owned, Sold As/Is

    • Interior

  • Bedrooms
    8
  • Bathrooms
    2
  • Appliances
    Dryer, Electric Range, Refrigerator
  • HVAC
    Central Air
  • Basement
    Exterior Entry

    • Exterior

  • Construction
    Cedar, Frame, Wood Siding
  • Built In
    1971
  • Stories
    Array
  • Sewer
    Public Sewer
  • Parking
    Driveway
  • Utilities
    Electricity Available, Water Available
  • Lot Description
    Back Yard
  • Lot Dimensions
    75x152x75x152
  • Acres
    0.2583

    • Listing Provided Courtesy Of: Keller Williams Realty Metro Atlanta 404-564-5560

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    Data Last updated on May 14, 2025 3:57am

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