For Sale
$6,750,000

2202 Raintree Way Dalton, GA 30720

High-Yield Apartment Complex in Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a portfolio of two apartment complexes totaling 63 units in Dalton, Georgia, listed at $6,750,000 with a 6.80% cap rate. The properties, strategically located near I-75's premier exit, boast convenient access to Dalton's thriving retail and dining scene, as well as easy commutes to both Chattanooga, Tennessee (20 minutes north) and Atlanta, Georgia (1.5 hours south). The portfolio includes a mix of one, two, and three-bedroom units, many featuring washer/dryer connections or in-unit laundry. Significant upside potential exists through completing interior upgrades in 13 units and exterior improvements across both properties. Amenities include a pool, basketball court, on-site management office, laundry facilities, outdoor seating areas, a Koi pond, pet waste stations, and bike racks. Ten units offer private garages. The properties benefit from individually metered utilities (water and power), historically stable rent collections with no current delinquency, and proximity to over 30 national retailers, restaurants, and grocery stores. Situated in an upscale single-family neighborhood, the portfolio is ideally positioned to capitalize on Dalton's strong economy, fueled by its status as the "Carpet Capital of the World" and the presence of numerous international companies. A large cleared space adjacent to the on-site management office presents an opportunity to add a fitness center or other desirable amenity. The median household income within a one-mile radius is $68,038, supporting strong rental demand. This is a rare opportunity to acquire a well-maintained, high-performing multifamily portfolio with substantial growth potential.

Highlights

  • Resort-style amenities including a pool, basketball court, on-site management, laundry facilities, outdoor seating, koi pond, pet stations, and bike racks. Large 1, 2, & 3 bedroom units available.
  • Prime location: Closest multifamily community to Dalton's I-75 exit, offering convenient access to premier dining and retail, situated in a desirable single-family neighborhood.
  • Located in Dalton, GA, the "Carpet Capital of the World," home to numerous international corporate headquarters.
  • Strong demographics: Median household income within a 1-mile radius is $68,038.
  • Significant value-add potential: Up to 25% rental upside achievable through completing interior upgrades and exterior improvements on 13 remaining units.
  • Excellent access to Chattanooga, TN (20 minutes) and Atlanta, GA (1.5 hours).

Property Details for 2202 Raintree Way

Property type
Apartment buildings

Location Insight

City
Dalton
County
Whitfield
State
Georgia
Latitude
34.79114038055
Longitude
-85.003023621905

FAQs

What type of property is this?
Apartment building - High-Yield Apartment Complex in Prime Location
Where is the apartment building located?
The property is located at 2202 Raintree Way Dalton, GA.
What is the asking price?
The asking price for this property is $6,750,000.
What are key features of this property?
This property features: Resort-style amenities including a pool, basketball court, on-site management, laundry facilities, outdoor seating, koi pond, pet stations, and bike racks. Large 1, 2, & 3 bedroom units available.; Prime location: Closest multifamily community to Dalton's I-75 exit, offering convenient access to premier dining and retail, situated in a desirable single-family neighborhood.; Located in Dalton, GA, the "Carpet Capital of the World," home to numerous international corporate headquarters.
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2202 Raintree Way
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