Renovated Multifamily Investment
432 4th Avenue, Dalton, GA 30721
- Added:
- Mar 4, 2026
- Days on Market:
- 78
- Last Refresh:
- May 21 at 3:06 pm
Property Features for 432 4th Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street
- Standard status
- Active
- APN
- 1223916008
- Lot size
- 0.79 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 6625
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1999
- Floors in Building
- 2
- Number of units
- 12
- Building materials
- Vinyl Siding
Listing agent Lou Wieland (404) 441-0719
Listing office Chapman Hall Realtors 6100 Lake Forrest Drive, Suite 120, Atlanta, GA (404) 252-9500
Listing date Mar 4, 2026
MLS# 10702926
Listing URL
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 100% occupancy with all units currently leased at $1,150/month, generating immediate strong cash flow.
- Fully renovated in 2024 with new roof, HVAC, interiors, and exterior improvements, ensuring low maintenance risk.
- NOI of $128,000 and a 7% cap rate, indicating a solid return on investment.
- Scheduled rent increases to $1,250/month in late 2025, providing built‑in appreciation of approximately $385K.
- Large 0.9‑acre lot offers potential for additional income through development of a laundry facility or self‑storage units.
- All units feature washer/dryer hookups and individual metering, enhancing tenant appeal and simplifying utility management.
Overview
This multifamily property in Dalton, GA, presents an investment opportunity with 12 units. The property is currently 100% occupied, with all units leased at $1,150 per month, and scheduled rent increases to $1,250 per month in late 2025. The current net operating income (NOI) is $128,000, reflecting a 7% capitalization rate. Management fees are 5%. The property was fully renovated in 2024, including a new roof, HVAC system, interiors, and exterior improvements. Situated on a 0.79-acre lot, there is potential for developing a laundry facility or self-storage units. Each unit has washer and dryer hookups and individual metering. Tenants are responsible for electricity and gas, while the owner covers water expenses, which average approximately $500 per month. The property offers immediate strong cash flow, built-in appreciation from scheduled rent increases, and low maintenance risk due to the recent renovation. Additional income potential exists through lot development. The current gross income is $165,600, with a pro forma of $180,000. The value at a 7% cap rate is $2,214,286.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Dalton
- County
- Whitfield
- State
- Georgia
- Longitude
- -84.9566998
- Latitude
- 34.7664624
Nearby Similar for Sale
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 Avenue Dalton, GA.
What is the asking price?
The asking price for this property is $1,725,000.
What are key features of this property?
This property features: 100% occupancy with all units currently leased at $1,150/month, generating immediate strong cash flow.; Fully renovated in 2024 with new roof, HVAC, interiors, and exterior improvements, ensuring low maintenance risk.; NOI of $128,000 and a 7% cap rate, indicating a solid return on investment.
