1418 Burgess Dr - Apartments FOR SALE


Dalton, GA 30721
$4,387,000 USD
407-463-9752
1418 Burgess Dr, Dalton, GA for Sale
$4,387,000 USD
Apartments - FOR SALE
1/5
null | 7.41% Cap Rate

1418 Burgess Dr
Dalton, GA 30721


HIGHLIGHTS

  • Highly attractive in place assumable financing
  • Around 2/3 of the units renovated with updated paint & flooring, light fixtures, countertops, vanities, and door hardware
  • In-unit washer and dryer connections
  • Strong occupancy and collections
  • Separately metered for water & power
  • Over 20% additional rental upside

OVERVIEW

Broker of Record Bill Pedersen License # 80041 (GA) Matthews Real Estate Investment Services, Inc 1600 West End, Ste. 1500 Nashville, TN 37203 (866) 889-0550

FOR SALE DETAILS

PRICE

$4,387,000 USD

PRICE/SF

$158 USD /SF

# OF UNITS

39

PRICE/UNIT

$112,487

CAP RATE

7.41%

% LEASED

87%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Strawberry Commons

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.09 AC

LAND SF

134,600 SF

ZONING

MFR

APN/PARCEL ID

12-216-06-003

ASK ABOUT THIS PROPERTY

Austin GrahamMatthews Real Estate Investment ServicesMore Info
407-463-9752

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Austin GrahamMatthews Real Estate Investment ServicesMore Info
407-463-9752

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.