Property Description

Great investment opportunity in Jonesboro, Georgia. This single-story brick home offers 4 bedrooms and 3 bathrooms with approximately 1,352 SF of living space. A previous owner professionally converted the garage, adding an additional bedroom and full bathroom (permits unknown), allowing the home to function and rent as a 4BR/3BA, significantly enhancing rental appeal and income potential. Built in 1970, the home features central heating and air, wood laminate flooring, ceiling fan in the living room, private patio, and an asphalt roof with remaining life. The property is tenant occupied and currently rented for $1,600 per month, with lease in place through July 2026, providing immediate and stable income for the next owner. Investor Opportunity: Priced for a quick sale at $215,000, this income-producing property offers immediate cash flow with $1,600/month in-place rent ($19,200 annually), producing an estimated ~8.9% gross yield at the asking price. The 4-bedroom / 3-bathroom configuration-made possible by the converted garage suite-significantly increases rental demand and value perception compared to typical 3-bedroom homes in the area. Solid brick construction, central HVAC, laminate floors, and a stable tenant already in place make this a turnkey investment. Strong ROI potential with additional upside through future rent increases and long-term appreciation in the growing Clayton County, Georgia rental market. Seller motivated and seeking a fast, smooth closing.

Property Features

Local Schools