432 4th Avenue, Dalton, GA 30721 - Whitfield County

Investment opportunity!

All 12 units are 100% occupied - currently renting for $1150 but could be raised to $1,250.

Rents will be increasing on each unit to $1,150 starting April 1st, 2025.

All units are 2 BR, 1 BA. New roof and sewer.

Taxes are $6,000.

There is space to build self-storage units or laundry area.

Management fee 5%, cap rate of 7%

.9 acres, space to build laundry or self-storage units.

Sewer

New roof

Taxes- 6,000

Insurance-6-7,000

Water-$6000

All 2 bedroom, 1 full bath 950 square feet

Management fee 5%

Cap tate-6.7 %

12 units

rent per unit-$11500-increase to $1200 in 2025

100% occupied

Total expenses $25,000

The building went through remodeling last this year and had vacant units for that. Now all are rented at $1150 and will go to 1200 in 20206

Every thing renovated, roof brand new, all HVAC systems are new. everything else is new inside and out.

Tenants pay electric and all units are indivudually metered, owner pays water which runs around $500 per month.

All units have washer dryer hookups.

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