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Strawberry Commons 1418 Burgess Dr 39 Unit Apartment Building $4,387,000 ($112,487/Unit) 7.41% Cap Rate Dalton, GA 30721
INVESTMENT HIGHLIGHTS
- Highly attractive in place assumable financing
- In-unit washer and dryer connections
- Separately metered for water & power
- Around 2/3 of the units renovated with updated paint & flooring, light fixtures, countertops, vanities, and door hardware
- Strong occupancy and collections
- Over 20% additional rental upside
EXECUTIVE SUMMARY
Broker of Record
Bill Pedersen
License # 80041 (GA)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Bill Pedersen
License # 80041 (GA)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
| Price | $4,387,000 | Apartment Style | Garden |
| Price Per Unit | $112,487 | Building Class | B |
| Sale Type | Investment | Lot Size | 3.09 AC |
| Cap Rate | 7.41% | Building Size | 27,724 SF |
| Gross Rent Multiplier | 8 | Average Occupancy | 87% |
| No. Units | 39 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | ||
| Zoning | MFR | ||
| Price | $4,387,000 |
| Price Per Unit | $112,487 |
| Sale Type | Investment |
| Cap Rate | 7.41% |
| Gross Rent Multiplier | 8 |
| No. Units | 39 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 3.09 AC |
| Building Size | 27,724 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built | 1959 |
| Zoning | MFR |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Vinyl Flooring
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Laundry Facilities
- Playground
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 13 | - | 596 |
| 2+1 | 26 | - | 742 |
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PROPERTY TAXES
| Parcel Number | 12-216-06-003 | Improvements Assessment | $1,002,990 |
| Land Assessment | $101,800 | Total Assessment | $1,104,790 |
PROPERTY TAXES
Parcel Number
12-216-06-003
Land Assessment
$101,800
Improvements Assessment
$1,002,990
Total Assessment
$1,104,790
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Strawberry Commons | 1418 Burgess Dr
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