8451 Magnolia Drive

Jonesboro, GA 30238

$255,000

Bedrooms: 8

Bathrooms: 2

1851 SQ FTSource: Public Records

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.

    MLS Data

  • StatusPending
  • MLS #7569651
  • TypeResidential
  • SpecialInvestor Owned, Sold As/Is

    Interior Details

  • Bedrooms8
  • Bathrooms2
  • BasementExterior Entry
  • AppliancesDryer, Electric Range, Refrigerator
  • HVACCentral Air

    Exterior Details

  • ConstructionCedar, Frame, Wood Siding
  • Built In1971
  • StoriesArray
  • ParkingDriveway
  • UtilitiesElectricity Available, Water Available
  • SewerPublic Sewer
  • Lot DescriptionBack Yard
  • Lot Dimensions75x152x75x152
  • Acres0.2583

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

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Data Last updated on June 6, 2025 1:44pm

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