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432 4th Ave 12 Unit Apartment Building $2,326,904 CAD ($193,909 CAD/Unit) 7.25% Cap Rate Dalton, GA 30721
Investment Highlights
- Fully renovated in 2024 with new roof, HVAC, and interiors.
- Washer/dryer hookups and individual electric metering in all units.
- 100% occupancy with scheduled rent increases in 2025.
- 0.9-acre lot with potential for laundry or self-storage development.
Executive Summary
432 4th Avenue presents a fully stabilized, turnkey multifamily investment in the heart of Dalton, Georgia. This 12-unit property has undergone a complete renovation in 2024, including new roofing, HVAC systems, and interior upgrades, positioning it as a low-maintenance asset with immediate cash flow and long-term upside.
Each unit features 2 bedrooms and 1 bath across approximately 950 square feet, with washer/dryer hookups and individual electric metering. The property is 100% occupied, with current rents at $1,150/month and scheduled increases to $1,250/month by late 2025. The owner pays water, averaging $500/month, while tenants cover electric and gas.
The site spans 0.9 acres, offering potential for additional income through development of a laundry facility or self-storage units. With a projected pro forma NOI of $155,000 and a 7% cap rate, the asset is priced competitively at $1,825,000. The Dalton market continues to show strong fundamentals, with limited new construction, rising rents, and a growing population base.
Located between Atlanta and Chattanooga along I-75, Dalton is known as the “Carpet Capital of the World” and offers a vibrant mix of industry, history, and southern charm. The property benefits from proximity to downtown Dalton, major employers, and regional attractions, making it a desirable location for tenants and investors alike.
*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%*
Each unit features 2 bedrooms and 1 bath across approximately 950 square feet, with washer/dryer hookups and individual electric metering. The property is 100% occupied, with current rents at $1,150/month and scheduled increases to $1,250/month by late 2025. The owner pays water, averaging $500/month, while tenants cover electric and gas.
The site spans 0.9 acres, offering potential for additional income through development of a laundry facility or self-storage units. With a projected pro forma NOI of $155,000 and a 7% cap rate, the asset is priced competitively at $1,825,000. The Dalton market continues to show strong fundamentals, with limited new construction, rising rents, and a growing population base.
Located between Atlanta and Chattanooga along I-75, Dalton is known as the “Carpet Capital of the World” and offers a vibrant mix of industry, history, and southern charm. The property benefits from proximity to downtown Dalton, major employers, and regional attractions, making it a desirable location for tenants and investors alike.
*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%*
Property Facts
| Price | $2,326,904 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $193,909 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.79 AC |
| Cap Rate | 7.25% | Building Size | 8,176 SF |
| Gross Rent Multiplier | 81 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1999/2025 |
| Property Subtype | Apartment | Parking Ratio | 2.94/1,000 SF |
| Zoning | Commercial - Commercial (NEC) | ||
| Price | $2,326,904 CAD |
| Price Per Unit | $193,909 CAD |
| Sale Type | Investment |
| Cap Rate | 7.25% |
| Gross Rent Multiplier | 81 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.79 AC |
| Building Size | 8,176 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1999/2025 |
| Parking Ratio | 2.94/1,000 SF |
| Zoning | Commercial - Commercial (NEC) |
Amenities
Unit Amenities
- Air Conditioning
- Wheelchair Accessible (Rooms)
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 681 |
Property Taxes
| Parcel Number | 12-239-16-008 | Improvements Assessment | $397,218 CAD |
| Land Assessment | $87,121 CAD | Total Assessment | $484,339 CAD |
Property Taxes
Parcel Number
12-239-16-008
Land Assessment
$87,121 CAD
Improvements Assessment
$397,218 CAD
Total Assessment
$484,339 CAD
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