1614 Waring Rd NW Dalton, GA 30721
- Commercial real estate
- 1.25 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1614 Waring Rd NW
- Lot size
- 1.25 lot acres
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a four-unit apartment building located at 1614 Waring Rd NW, Dalton, Georgia, 30721. Situated on a spacious 1.25-acre lot, this property offers significant potential for growth and income. The building is a single-story structure with four individual units, each boasting two parking spaces. Currently, all four units are 100% occupied, generating a monthly income of $1200 per unit. Tenants are responsible for all utilities, minimizing expenses for the owner. The property is zoned R7 and benefits from city sewer services. The asking price is $425,000, translating to $106,250 per unit. This represents a compelling value in the Dalton, Georgia market, given the current occupancy rate, the substantial lot size, and the low maintenance associated with tenant-paid utilities. The property's location in Whitfield County provides easy access to local amenities and transportation routes. This is an ideal investment for those seeking a stable, high-yield multifamily property with significant upside potential. The current lease agreements expire on July 21, 2024.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dalton
- County
- Whitfield
- State
- Georgia
- Longitude
- -84.96517680845
- Latitude
- 34.805281421347
