Pending

Under Contract

122 Toby Springs Lane

Mcdonough GA, 30253

$775,000


Pending

Under Contract

Multi-family

Built in 1986

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.

10453350

MLS ID

February 5, 2025

Listed

March 10, 2025

Updated

Interior Features

Total Stories

2


Fireplace

Yes


Cooling

Yes


Cooling Description

Ceiling Fan(s), Central Air


Heating

Yes


Heating Description

Forced Air, Natural Gas

Exterior/Building Features

Lot Size

0.57 Acres


Sewer

Public Sewer

School Information

High School

McDonough


Elementary School

Walnut Creek

Other Property Details

Taxes

$7,007


Tax Frequency

Annually


Days on Market

33


Garage

No


Parking

Off Street


Parking Total

8


View

No


County

Henry


Water Source

Public


Utilities

Other

Listing History

Date

Event

Price

3/10/2025

Pending

Listed with Keller Williams Rlty-Atl.North

Based on information from Georgia MLS as of 3/10/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. 

©2025 Georgia MLS. All rights reserved. Information deemed reliable but not guaranteed. 

Data last updated 2:08 PM UTC, 3/10/2025

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