1600 Puryear Dr NW 1600 Puryear Dr NW 4 Unit Apartment Building $800,170 CAD ($200,043 CAD/Unit) 7.83% Cap Rate Dalton, GA 30721

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