432 4th AveDalton, GA 30721
None · Whitfield County
Description
Outstanding Investment Opportunity - 12-Unit Multifamily Key Highlights: * 100% occupancy - all units leased at $1,150/month, with increases to $1,250/month in late 2025. * NOI: $128,000 * Cap Rate: 7% * Management Fee: 5% * Fully renovated in 2024 - new roof,HVAC, interiors, and exterior improvements. * Lot size: 0.9 acres - room for laundry facility or self-storage units. * Tenants pay electricity and gas; owner pays water (~$500/month). * All units have washer/dryer hookups and individual metering. Financial Summary: Scenario Current Gross Income $165,600 Pro Forma -$180,000 NOI $155,000 Value @ 7% Cap-$2.214,286 * Immediate strong cash flow with current NOI of $128K. * Built-in appreciation of ~$385K from scheduled rent increases. * Low maintenance risk due to complete recent renovation. * Additional income potential from lot development.
Property Information
- Property type
- Residential Income
- Sub-type
- Multi Family
- Year built
- 1999
- Stories
- 2
- Lot size
- 0.79 acres
- Days on market
- 222
- MLS® Listing#
- 10702926
Property Features
- Cooling
- Central Air
- Heating
- Baseboard
- Basement
- None
- Parking
- Off Street
- Construction
- Vinyl Siding
- Community
- None
- Utilities
- Other
- Sewer
- Public Sewer
- Water source
- Public
Schools
- Elementary
- Other
- Middle
- Other
- High
- Other
Financial Details
- HOA
- None
- Annual taxes
- $6,625Tax year 2024
- Parcel number
- 1223916008
Directions
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Listing Courtesy: Chapman Hall Realtors - 4042529500
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