About 8451 Magnolia Drive
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.
Features of 8451 Magnolia Drive
| MLS® # | 7569651 |
|---|---|
| Price | $255,000 |
| Bedrooms | 8 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,851 |
| Acres | 0.26 |
| Year Built | 1971 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | Other |
| Status | Pending |
| Has Master On Main | No |
| Basement | Yes |
Community Information
| Address | 8451 Magnolia Drive |
|---|---|
| Subdivision | Markland |
| City | Jonesboro |
| County | Clayton - GA |
| State | GA |
| Zip Code | 30238 |
Amenities
| Utilities | Electricity Available, Water Available |
|---|---|
| Parking Spaces | 4 |
| Parking | Driveway |
| View | Other |
| Is Waterfront | No |
| Waterfront | None |
| Has Pool | No |
| Pool | None |
Interior
| Interior Features | Other |
|---|---|
| Appliances | Dryer, Electric Range, Refrigerator |
| Heating | Natural Gas |
| Cooling | Central Air |
| Has Basement | Yes |
| Basement | Exterior Entry |
| Fireplace | No |
| Fireplaces | None |
| Stories | Multi/Split |
Exterior
| Exterior Features | None |
|---|---|
| Lot Description | Back Yard |
| Windows | None |
| Roof | Composition, Shingle |
| Construction | Cedar, Frame, Wood Siding |
School Information
| Elementary | Lee Street |
|---|---|
| Middle | Jonesboro |
| High | Jonesboro |
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Keller Williams Realty Metro Atlanta |
|---|