122 Toby Springs Lane, Mcdonough GA 30253

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$775,000

122 Toby Springs Lane, Mcdonough, GA 30253

bedrooms

bathrooms

square feet

Acreage

0.57

Open Houses

year built

1986

Full Baths

Half Baths

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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.

Location
Subdivision	Toby Springs
County	Henry - GA
Elementary School	Walnut Creek
Middle School	McDonough
High School	McDonough

Driving directions

Open houses

None scheduled.

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MLS number: 7519114

Listing agent: Janice Overbeck

Listing broker: Realty East Cobb Dba Keller Williams Realty Atlanta North (770) 509-0700

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Last update: Thursday, February 6 2025 at 10:10 a.m. EST

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