432 4th AVE Active Save Request In-Person Tour Request Virtual Tour
Dalton,GA 30721
Key Details
Property Type Commercial
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 8,176 sqft
Price per Sqft $223
MLS Listing ID 7485643
Year Built 1999
Annual Tax Amount $5,936
Tax Year 2023
Lot Size 0.790 Acres
Property Sub-Type Condominium
Property Description
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.
Location
State GA
County Whitfield
Zoning R7
Rooms
Other Rooms None
Interior
Heating Baseboard
Cooling Central Air
Flooring Laminate
Equipment None
Exterior
Parking Features Parking Lot
Fence None
Utilities Available None
Waterfront Description None
View Y/N Yes
View Other
Roof Type Asphalt
Building
Lot Description Level
Story Two
Foundation Block
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding