1418 Burgess Dr Dalton, GA 30721

This exceptional investment opportunity presents two multifamily properties in Dalton, Georgia: Strawberry Commons and New Georgian Apartments. Together, these complexes comprise 152 units boasting a remarkable 94% occupancy rate. The New Georgian, built in 1968, features 112 units across 14 two-story buildings situated on 8.48 acres. Amenities include a pool, playground, dog park, and on-site workout and laundry facilities. The buildings are wood-frame with brick exteriors and metal roofs (approximately 15 years old), featuring split-system heating and cooling, copper piping, and 233 parking spaces. A 3.72% agency debt assumption is available with a principal balance of $8,800,000, an interest-only period expiring August 2025, and a 30-year amortization after that. Strawberry Commons, a 39-unit complex on 3.09 acres, underwent a gut renovation in 2003. Built in 1959, it offers a playground, picnic area, and 69 parking spaces. Recent improvements include new balconies and stairs (within the last 6 years) and a metal roof on the loft (last 5-6 years). Individual unit water and electricity metering is in place, along with copper piping and wiring, and split-system HVAC. A 3.91% agency debt assumption is available with a current principal balance of $1,986,294.98, a 30-year amortization, and a step-down prepayment schedule. Both properties offer attractive agency debt assumption terms. The properties are conveniently located in Northwest Georgia, a 25-30 minute drive from Chattanooga, TN, and approximately 78 miles north of Atlanta, GA. All cash purchase is required at closing.