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Elizabeth Harvill

elizabeth.harvill@exprealty.com +1(912) 245-1186

$1,725,000

Est. payment - /mo

0.79 Acres Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 10702926

HOA Y/N No

Year Built 1999

Annual Tax Amount $6,625

Tax Year 2024

Lot Size 0.790 Acres

Acres 0.79

Lot Dimensions 34412.4

Property Sub-Type Multi Family

Source Georgia MLS 2

Property Description

Outstanding Investment Opportunity - 12-Unit Multifamily Key Highlights: * 100% occupancy - all units leased at $1,150/month, with increases to $1,250/month in late 2025. * NOI: $128,000 * Cap Rate: 7% * Management Fee: 5% * Fully renovated in 2024 - new roof,HVAC, interiors, and exterior improvements. * Lot size: 0.9 acres - room for laundry facility or self-storage units. * Tenants pay electricity and gas; owner pays water (~$500/month). * All units have washer/dryer hookups and individual metering. Financial Summary: Scenario Current Gross Income $165,600 Pro Forma -$180,000 NOI $155,000 Value @ 7% Cap-$2.214,286 * Immediate strong cash flow with current NOI of $128K. * Built-in appreciation of ~$385K from scheduled rent increases. * Low maintenance risk due to complete recent renovation. * Additional income potential from lot development.

Location

State GA

County Whitfield

Rooms

Bedroom Description No

Basement None

Interior

Heating Baseboard

Cooling Central Air

Fireplace No

Exterior

Parking Features Off Street

Community Features None

Utilities Available Other

View Y/N No

Garage No

Private Pool No

Building

Faces Use GPS

Sewer Public Sewer

Water Public

Structure Type Vinyl Siding

New Construction No

Schools

Elementary Schools Other

Middle Schools Other

High Schools Other

Others

HOA Fee Include None

Tax ID 1223916008

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Resale

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Elizabeth Harvill

Agent | License ID: 421606

+1(912) 245-1186 | elizabeth.harvill@exprealty.com

432 4th AVE Dalton, GA 30721

Elizabeth Harvill

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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432 4th AVE

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