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432 4th Ave
Dalton, GA 30721
Multifamily Property For Sale
·
12 Units
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
Outstanding Investment Opportunity – 12-Unit Multifamily Key Highlights: • 100% occupancy – all units leased at $1,150/month, with increases to $1,250/month in late 2025. • NOI: $128,000 • Cap Rate: 7% • Management Fee: 5% • Fully renovated in 2024 – new roof, HVAC, interiors, and exterior improvements. • Lot size: 0.9 acres – room for laundry facility or self-storage units. • Tenants pay electricity and gas; owner pays water (~$500/month). • All units have washer/dryer hookups and individual metering. Financial Summary: Scenario Current Gross Income $165,600 Pro Forma -$180,000 NOI $155,000 Value @ 7% Cap-$2.214,286 • Immediate strong cash flow with current NOI of $128K. • Built-in appreciation of ~$385K from scheduled rent increases. • Low maintenance risk due to complete recent renovation. • Additional income potential from lot development.
Property Facts
| Price Per Unit | $196,314 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 |
| Apartment Style | Low-Rise | ||
| Zoning | Commercial - Commercial (NEC) | ||
| Price Per Unit | $196,314 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 | $393,108 CAD |
| Land Assessment | $86,220 CAD | Total Assessment | $479,328 CAD |
Property Taxes
Parcel Number
12-239-16-008
Land Assessment
$86,220 CAD
Improvements Assessment
$393,108 CAD
Total Assessment
$479,328 CAD
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