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  • Price$255,000
  • Beds8
  • Baths2
  • SQ. Feet1,851
  • Acres0.26
  • Built1971

8451 Magnolia Drive, Jonesboro

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.

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Essential Information

  • MLS® #10511216
  • Price$255,000
  • Bedrooms8
  • Bathrooms2.00
  • Full Baths2
  • Square Footage1,851
  • Acres0.26
  • Year Built1971
  • TypeResidential
  • Sub-TypeSingle Family Residence
  • StyleOther
  • StatusUnder Contract

Amenities

  • UtilitiesCable Available
  • Parking Spaces4
  • ParkingOff Street

Exterior

  • Lot DescriptionLevel
  • RoofOther
  • ConstructionWood Siding

Additional Information

  • Days on Market18

Community Information

  • Address8451 Magnolia Drive
  • SubdivisionMarkland
  • CityJonesboro
  • CountyClayton
  • StateGA
  • Zip Code30238

Interior

  • Interior FeaturesOther
  • AppliancesGas Water Heater, Oven/Range (Combo), Refrigerator
  • HeatingNatural Gas, Central
  • CoolingElectric, Central Air
  • StoriesMulti/Split

School Information

  • ElementaryLee Street
  • MiddleJonesboro
  • HighJonesboro

Listing Details

  • Listing Provided Courtesy Of Keller Williams Realty

Price Change History for 8451 Magnolia Drive, Jonesboro, GA (MLS® #10511216)

Date Details Price Change
Under Contract – –
Active (from New) – –
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Listing information last updated on June 30th, 2025 at 7:00pm CDT.