432 4th Ave - Apartments FOR SALE


Dalton, GA 30721
$1,900,000 USD
770-663-7291
432 4th Ave, Dalton, GA for Sale
$1,900,000 USD
Apartments - FOR SALE
1/5
null | 7% Cap Rate

432 4th Ave
Dalton, GA 30721


OVERVIEW

Investment opportunity! All 12 units are 100% occupied - currently renting for $1,000 to $1,100 but could be raised to $1,250. Rents will be increasing on each unit to $1,150 starting April 1st, 2025. All units are 2 BR, 1 BA. New roof and sewer. Taxes are $5,000 - $6,000. There is space to build self-storage units or laundry area. Management fee 5%, cap rate of 7%

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$232 USD /SF

# OF UNITS

12

PRICE/UNIT

$158,333

CAP RATE

7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1999

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

Commercial

APN/PARCEL ID

12-239-16-008

ASK ABOUT THIS PROPERTY

Lou WielandKW Realty North AtlantaMore Info
770-663-7291

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Lou WielandKW Realty North AtlantaMore Info
770-663-7291

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