Property

Jonesboro, GA 30238 8451 Magnolia Drive

Pending
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Presented By: Caitlyn with Keller Williams Realty;
  • Georgia MLS (GAMLS) - 86 - GA
  • MLS# 10511216
  • 05/01/2025
  • Get pre-approved
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Disclaimer: The information contained in this listing has not been verified by LoKation® Real Estate and should be verified by the buyer.
  • Beds • 8
  • Baths • 2
  • SQFT • 1,851

Home Details

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.
Presented By: Caitlyn with Keller Williams Realty;

Interior Features for 8451 Magnolia Drive

Bedrooms

Main Level Bedrooms2
Total Bedrooms8

Bathrooms

Half Baths0
Main Level Bathrooms
Total Baths2

Other Interior Features

LivingAreaSourcePublic Records
Above Grade Finished Area1201
Above Grade Finished Area Unit TypeSquare Feet
Air Conditioning Y/NYes
BasementInterior Entry, Exterior Entry
Below Grade Finished Area650
Below Grade Finished Area Unit TypeSquare Feet
Fireplace Y/NNo
FlooringCarpet, Tile, Vinyl
Heating Y/NYes
Interior AmenitiesOther
Laundry FeaturesNone
Total Fireplaces

General for 8451 Magnolia Drive

AppliancesGas Water Heater, Range, Refrigerator
Architectural StyleOther
Association Fee IncludesNone
Attached Garage No
Building Area UnitsSquare Feet
Carport Y/NNo
CityJonesboro
Community FeaturesNone
Construction MaterialsWood Siding
ContingencyOther
CoolingElectric, Central Air
CountyClayton
DirectionsGet 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
Elementary SchoolLee Street
Full Baths2
Garage Y/NNo
HOANo
HeatingNatural Gas, Central
High SchoolJonesboro
Home Warranty Y/NNo
Land Lease Y/NNo
LevelsTwo
Living Area UnitsSquare Feet
Lot Size Square Feet11238.48
Lot Size UnitsSquare Feet
Middle/Junior High SchoolJonesboro
ModificationTimestamp2025-06-27T20:58:17.000Z
New ConstructionNo
Property Attached Y/NNo
Property ConditionResale
Property SubtypeSingle Family Residence
Property TypeResidential
RoofOther
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusPending
StatusUnder Contract
Structure TypeOther
Subdivision NameMarkland
Tax Annual Amount2918
Tax Year24
UtilitiesCable Available
Year Built1971

Exterior for 8451 Magnolia Drive

Building Area Total1851
Horse Y/NNo
Lot FeaturesLevel
Lot Size Acres0.258
Lot Size Area11238.48
Lot Size SourcePublic Records
Parking FeaturesOff Street
SpaNo
Total Parking4
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools

Middle School Jonesboro Middle School
High School Jonesboro High School
Elementary School Lee Street Elementary School

Laura Ponce

Realtor®
Price $255,000
MLS#10511216
List Date 05/01/2025
Property Type Pending
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