This Multifamily Property is Off-Market.

712 W. Tyler Street
Dalton, GA 30720 ·

60 Units · Multifamily For Sale

N/A

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60-Unit Apt Complex w/ on-site Laundry Facility

Price N/A Commission Split 5%
No. Units 60 Cap Rate 7.13%
Building Size 27,450 SF Occupancy 87%
Property Type Multifamily Year Built 1983
Property Sub-type Garden/Low-Rise Lot Size 3.73 AC
Property Use Type Investment APN / Parcel ID 12-199-12-000
Listing ID: 15981503 Date Created: 11/10/2008 Last Updated: 11/06/2009

Description

This is a great opportunity to add value by improving units and turning utility costs over to tenants. All units are small, one-bedroom apartments, thus resulting in low costs to rehab and to operate. A bonus is that one building was completely remodeled three years ago and there is enough land to add an additional building. As the economy improves during the next several years, this property can provide substantial increases in cash flow. There are a total of five apartment buildings and a laundry facility all situated on 3.73 acres. Each of the 60 one-bedroom units is approximately 447 sq ft. With 87% occupancy, the property has a current cap rate of 7.13%, with the potential of 8.36% at stabilized occupancy.

Located in Dalton, GA.

Research

712 W. Tyler Street, Dalton, GA 30720 (Whitfield County)

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