Renovated Multifamily Investment
432 4th Ave, Dalton, GA 30721
Fully renovated 12-unit multifamily property with immediate cash flow.
Type:Multifamily
Property size:
950 SFLot size:
0.90 AcresPrice / SF:
$1,815/SF- Added:
- Aug 6, 2025
- Days on Market:
- 294
- Last Refresh:
- May 12 at 8:40 pm
Property Features for 432 4th Ave
General Information
- Standard status
- Active
- Size
- 950 SF
- Lot size
- 0.90 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1999
Listing agent louis wieland License #H61670
Listing office Chapman Hall Realtors
Listing date Aug 6, 2025
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Chapman Hall Realtors
HighLights
- 100% occupancy with all units currently leased, providing immediate and stable cash flow.
- Projected Net Operating Income (NOI) of $128,000 with a 7% Cap Rate, indicating a strong return on investment.
- Fully renovated in 2024, including new roof, HVAC, interiors, and exterior, minimizing maintenance costs.
- Significant built‑in appreciation of approximately $385,000 expected from scheduled rent increases in late 2025.
- Additional income potential through development of a laundry facility or self‑storage units on the 0.9‑acre lot.
- All units feature washer/dryer hookups and individual metering, enhancing tenant appeal and simplifying utility management.
Overview
This multifamily property features 12 units, all currently leased at $1,150 per month with scheduled increases to $1,250 per month in late 2025. The property has a projected Net Operating Income (NOI) of $128,000 and a cap rate of 7%. A 5% management fee applies. The property was fully renovated in 2024, including a new roof, HVAC system, interiors, and exterior improvements. Situated on a 0.9-acre lot, there is potential for developing a laundry facility or self-storage units. Tenants are responsible for electricity and gas, while the owner covers water expenses, which average approximately $500 per month. All units are equipped with washer and dryer hookups and individual metering. The property offers immediate strong cash flow and built-in appreciation from scheduled rent increases. The recent complete renovation minimizes maintenance risks. The gross income is $165,600, with $25,000 in expenses, resulting in the $128,000 NOI. Pro forma projections for 2025 estimate a gross income of $180,000 and an NOI of $155,000.
Property Profile
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 Ave 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, providing immediate and stable cash flow.; Projected Net Operating Income (NOI) of $128,000 with a **7% Cap Rate**, indicating a strong return on investment.; **Fully renovated in 2024**, including new roof, HVAC, interiors, and exterior, minimizing maintenance costs.
