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432 4Th Ave Dalton, GA 30721

For Sale
$1,825,000

Other - Dalton, GA

Lot size:
0.79 Acres
Days on Market:
118
Last Refresh:
Dec 6 at 1:06 pm

Property Features for 432 4Th Ave

General Information

Property type
Residential Multi Family
Property subtype
Other
Standard status
Active
APN
1223916008
Parking
9
Parking features
Parking Lot
Lot size
0.79 Acres

Building Details

Year built
1999
Floors in Building
2
Number of units
12
Architectural style
Other

Keller Williams Realty - North Atlanta (770) 663-7291 [email protected]

Listing agent Lou Wieland (770) 663-7291

Listing date Aug 11, 2025

MLS# 7487102 Listing URL

Copyright © 2025 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Overview

Renovated Multifamily Investment Opportunity

This multifamily property in Dalton, GA, presents an investment opportunity with 12 units. The property, situated on a 0.79-acre lot, was fully renovated in 2024, including a new roof, HVAC system, interiors, and exterior improvements. Currently, the property is 100% occupied, with all units leased at $1,150 per month. Rent increases to $1,250 per month are scheduled for late 2025. The current net operating income (NOI) is $128,000, with a cap rate of 7%. The gross income is $165,600, with a pro forma of $180,000 and a value at 7% cap of $2,214,286. Tenants are responsible for electricity and gas, while the owner covers water expenses, which average approximately $500 per month. Each unit is equipped with washer and dryer hookups and individual metering. The lot size allows for the potential development of a laundry facility or self-storage units, offering additional income opportunities. A 5% management fee applies.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Dalton
County
Whitfield
State
Georgia
Longitude
-84.957053
Latitude
34.766422

FAQs

What type of property is this?
Apartment building - Fully renovated 12-unit multifamily property with immediate cash flow.
Where is this apartment building located?
The property is located at 432 4Th Ave Dalton, GA.
What is the asking price?
The asking price for this property is $1,825,000.
What are key features of this property?
This property features: - 100% Occupancy with Immediate $128K NOI Cash Flow; - **Fully Renovated in 2024:** New Roof, HVAC, Interiors, and Exterior; - Significant Appreciation Potential: Rents Increasing to $1,250 in Late 2025
More about this property
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