2202 Raintree Way, Dalton, GA 30720

Property Details for 2202 Raintree Way

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a portfolio of two apartment complexes totaling 63 units in Dalton, Georgia, listed at $6,750,000 with a 6.80% cap rate. The properties, strategically located near I-75's premier exit, boast convenient access to Dalton's thriving retail and dining scene, as well as easy commutes to both Chattanooga, Tennessee (20 minutes north) and Atlanta, Georgia (1.5 hours south). The portfolio includes a mix of one, two, and three-bedroom units, many featuring washer/dryer connections or in-unit laundry. Significant upside potential exists through completing interior upgrades in 13 units and exterior improvements across both properties. Amenities include a pool, basketball court, on-site management office, laundry facilities, outdoor seating areas, a Koi pond, pet waste stations, and bike racks. Ten units offer private garages. The properties benefit from individually metered utilities (water and power), historically stable rent collections with no current delinquency, and proximity to over 30 national retailers, restaurants, and grocery stores. Situated in an upscale single-family neighborhood, the portfolio is ideally positioned to capitalize on Dalton's strong economy, fueled by its status as the "Carpet Capital of the World" and the presence of numerous international companies. A large cleared space adjacent to the on-site management office presents an opportunity to add a fitness center or other desirable amenity. The median household income within a one-mile radius is $68,038, supporting strong rental demand. This is a rare opportunity to acquire a well-maintained, high-performing multifamily portfolio with substantial growth potential.

Location Insight

City

Dalton

County

Whitfield

State

Georgia

Longitude

-85.003023621905

Latitude

34.79114038055