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For sale

8841 Highway 54, Jonesboro, GA 30238

Listing by Southern Classic Realtors

Beds
—
Baths
—
Sq ft
7,251,579
Lot
12,197 sqft

About this property

EXCEPTIONAL BOARDING HOUSE INVESTMENT OPPORTUNITY! This property features two buildings with significant rental income potential and substantial upside once renovations are complete. BUILDING ONE: A partially renovated 2-bedroom, 2-bathroom unit. The kitchen and bathroom renovations are nearly complete, with remaining work including drywall repairs, window repairs, potential flooring replacement, and general cleanup. BUILDING TWO: Configured for two 1-bedroom, 1-bathroom apartments and four studio apartments. The building features a newly installed sprinkler system with fire department water access at the front of the property. Some kitchen and bathroom renovations have been completed, while much of the building remains down to the studs, offering an opportunity to customize the space during renovation. With substantial renovation potential and multiple units to bring online, this property presents an excellent opportunity for investors seeking to maximize rental income and long-term value.

Type
Commercial
Year built
1943
Price per sq ft
$0
Garage
—
Property tax (2024)
$2,555/yr
Listed
—
MLS #
10877309

Features

Heating

Heat Pump

Cooling

Central Air · Fans

Lot

City Lot · Level

Property details

Exterior and lot

Lot size:
0.28 acres

Construction

Construction materials:
Wood Siding
Property condition:
Fixer

Utilities

Sewer:
Public Sewer
Water source:
Public
Utilities:
Electricity Available, High Speed Internet, Natural Gas Available, Phone Available

Parking

Parking features:
Parking Lot

Taxes and financial

Annual tax amount:
$2,555 (2024)
Listing terms:
Cash, Conventional

Monthly cost

Estimated monthly cost

$1,840/mo

Principal & interest
$1,477
Property taxes
$213
Home insurance
$150

$59,980

Estimate only. Taxes use the listing's most recent figure where available; insurance assumes 0.6% of price per year, typical for the area, not including flood cover. Mortgage insurance applies below 20% down.

Price & status history

DateEventPrice
Oct 22, 2026Listed for sale$299,900

Location

Listing information

Listing office:
Southern Classic Realtors
Listing ID:
10877309
Status:
For sale

Source: Georgia MLS · Updated 2m ago · Nov 10, 2026, 9:15 PM ET

Georgia MLS

Listings courtesy of Georgia MLS. Listing information © 2026 Georgia MLS. All rights reserved. Each listing names its listing firm.

© 2026 Georgia MLS. All rights reserved. Information is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by GAMLS. Last updated Nov 10, 2026, 9:15 PM ET

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