432 4th Ave, Dalton, GA 30721
Basics
- Date added: Added 3 months ago
- Category: Multifamily
- Type: Apartment Building
- Status: For Sale
- Year built: 1999
Description
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Description: Show all description
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.
• Projected 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 Gross Income Expenses NOI Value @ 7% Cap
Current $165,600 $25,000 $128,000 $1,828,571
Pro Forma (2025) $180,000 $25,000 $155,000 $2,214,286
Why This Property?
• 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.
