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Two-Building Apartment Property

8841 Fayetteville Rd, Jonesboro, GA 30238

For Sale
$299,900

The second building is configured with one-bedroom apartments and studio units.

Property Size7,251,579 SF
Price / SF$0.04
Days on Market31

Property Features for 8841 Fayetteville Rd

General Information

Standard status Active
Size 7,251,579 SF

Property Condition

Severity Major Repairs Needed
Evidence remains down to the studs

Units

Unit Mix 1 x 2BR/2BA, 2 x 1BR/1BA, 4 x studio
Multifamily Units 7

Additional Details

Sprinkler System Yes

Taxes and HOA fees

Annual Taxes $2,555

Building Details

Buildings 2
Listing Agency: Southern Classic Realtors
Listed By: Kate Hayfer · License #395030
Source: Exprealty
Added: Oct 10 Changed: Nov 5 Last Checked: Nov 8 at 6:58AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Southern Classic Realtors

Rey
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Investment Insights

Based on property information with market context.

The property consists of two apartment buildings. One contains a 2-bedroom, 2-bathroom unit with kitchen and bathroom work nearly complete; remaining items include drywall and window repairs, possible flooring replacement, and cleanup. The second building is arranged for two 1-bedroom, 1-bathroom apartments and four studio apartments. Some kitchen and bathroom work has been completed, while much of the interior remains stripped to the studs.

A newly installed sprinkler system serves the second building, with fire department water access at the front of the property.

Key Highlights

  • Two apartment buildings on the property
  • One building has a partially renovated 2‑bedroom, 2‑bathroom unit
  • Second building is configured for two 1‑bedroom, 1‑bathroom apartments and four studios

Property Analytics

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Lease Details

7
Residential units
Yes
Sprinkler system

Location Intelligence

Trade Area within ½ mile

299
Businesses Nearby

Demographics for 30238, GA

41,617
Population
14,899
Households
2.8
Avg Household Size
34
Median Age
21%
College-Educated
85%
High-School Grad
17.3 sq mi
ZIP Area
2,406
Density / Sq Mi
$60,232
Median Household Income
$35,384
Median Earnings
$1,438
Median Rent
$208,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - The second building is configured with one-bedroom apartments and studio units.
Where is this apartment building located?
The property is located at 8841 Fayetteville Rd Jonesboro, GA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two apartment buildings on the property; One building has a partially renovated 2‑bedroom, 2‑bathroom unit; Second building is configured for two 1‑bedroom, 1‑bathroom apartments and four studios
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