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. * 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.
Details
| MLS # | 10702926 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1999 |
| Days On Site | 205 |
| Listing Provided By | Chapman Hall Realtors | Lou Wieland |
Features
| Story(s) | 2 |
|---|---|
| Units | 12 |
| Acreage | 0.79 |
Interior
| Cooling | Central Air |
|---|---|
| Cooling Yes / No | Yes |
| Heating | Baseboard |
| Heating Yes / No | Yes |
| Fireplace Yes / No | No |
| Fireplaces Total | 0 |
Exterior
| Construction Materials | Vinyl Siding |
|---|
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
| Parking Features | Off Street |
Utilities
| Utilities | Other |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Annual Amount | 6625 |
|---|---|
| Tax Year | 2024 |
Location
| Community Features | None |
|---|
Area Information
| State | GA |
|---|---|
| County | Whitfield |
| City | Dalton |
| Zip Code | 30721 |
| Area | Whitfield |
| School District | Other |
| Elementary School | Other |
| High School | Other |
| Listing VS Median (in 30721) | |
Price: $1,725,000 low | high Med: $279,450 On site: 205 low | high Med: 66 | |
Market Activity 30721
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Learn More About This Property
| State | GA |
|---|---|
| County | Whitfield |
| City | Dalton |
| Zip Code | 30721 |
| Area | Whitfield |
| School District | Other |
| Elementary School | Other |
| High School | Other |
| Listing VS Median (in 30721) | |
Price: $1,725,000 low | high Med: $279,450 On site: 205 low | high Med: 66 | |
