1600 Puryear Dr NW - Apartments FOR SALE


Dalton, GA 30721
$575,000 USD
404-441-0719
1600 Puryear Dr NW, Dalton, GA for Sale
$575,000 USD
Apartments - FOR SALE
1/14
null | 7.83% Cap Rate

1600 Puryear Dr NW
Dalton, GA 30721


HIGHLIGHTS

  • Rents below market, offering immediate upside to $1,200/unit.
  • Over 1 acre of land with potential for added amenities.
  • Three units upgraded with new HVAC systems.
  • Located in Dalton, GA, a key corridor between Atlanta and Chattanooga.
  • Strong demographics with $54K median income and 64K population within 5 miles.

OVERVIEW

Located in the heart of Dalton, Georgia, 1600 Puryear Drive NW presents a rare opportunity to acquire a fully occupied, income-producing quadplex with strong upside potential. This two-story multifamily asset features four spacious two-bedroom units, each under active one-year leases, generating a stable monthly rental income of $4,200. With rents currently at $1,050 per unit and market comparables supporting increases up to $1,200, investors can immediately benefit from organic rent growth. The property sits on over an acre of land, offering expansion potential for amenities such as self-storage or a laundry facility. Three of the four units have been upgraded with new HVAC systems, reducing future capital expenditures. A 5% management fee is in place, and the property has maintained zero vacancy, underscoring its desirability in the local rental market. Dalton, known as the “Carpet Capital of the World,” is strategically positioned along I-75 between Atlanta and Chattanooga, making it a hub for manufacturing and logistics. The city’s rich history, vibrant downtown, and proximity to major employers and cultural landmarks enhance the long-term value of multifamily investments in the area. With a median household income of $54,845 within a 1-mile radius and a population of over 64,000 within 5 miles, the property benefits from strong local demand. This asset is ideal for investors seeking a turnkey multifamily property with immediate cash flow, future rent growth, and land for potential development. Quad for $650.Rents are $1050 and can go to $1200. ***** Total rental income 4200 per month 2 bedroom/1 bath All 1 year contracts -no vacancy Over 1 acre . Includes Land available for self-storage and or laundry mat. New heating and AC units in 3 of the 4 units 5% management fee

FOR SALE DETAILS

PRICE

$575,000 USD

PRICE/SF

$171 USD /SF

# OF UNITS

4

PRICE/UNIT

$143,750

CAP RATE

7.83%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1600 Puryear Dr NW

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

15

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

49,911 SF

ZONING

R4

APN/PARCEL ID

12-142-05-000

ASK ABOUT THIS PROPERTY

Lou WielandKW Realty North AtlantaMore Info
404-441-0719

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Lou WielandKW Realty North AtlantaMore Info
404-441-0719

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