432 4Th AveDalton, GA 30721
- Land
- 8,176 SF
Property Details for 432 4Th Ave
- Year built
- 1999
- Lot size
- 0.79 AC
- Property size (Sq ft)
- 8,176 SF
- Property type
- Land
- Property subtype
- Apartment buildings
Description
This exceptional investment opportunity presents a 12-unit apartment building located at 432 4th Avenue, Dalton, Georgia, 30721. The property, built in 1999, boasts a total of 8,176 square feet situated on a 0.79-acre lot. Currently, all twelve units are 100% occupied, generating substantial rental income. Each unit is a two-bedroom, one-bathroom apartment, currently renting for $1,000 to $1,100 per month, with potential for rental increases to $1,250 per month. Recent improvements include a new roof and sewer system. Annual property taxes fall within the $5,000 to $6,000 range. The property offers significant upside potential. There is available space on the property that could be developed into additional income-generating features such as self-storage units or a laundry facility. The asking price for this multifamily property is $1,900,000. A 5% management fee and a 7% capitalization rate are projected. This is a prime investment opportunity in a growing market. The property is classified as both residential and multifamily.
Location Insight
- City
- Dalton
- County
- Whitfield - GA
- State
- Georgia
- Latitude
- 34.7664
- Longitude
- -84.9571
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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