9% CAP RECENT IMPROVEMENTS HVAC REMODELS 214 Patricia Ann Dr SE 8 Unit Apartment Building $850,000 ($106,250/Unit) 8.78% Cap Rate Dalton, GA 30721

**8-Unit Brick Townhome Investment Property — Extensive Renovations & Improvements**
Well-maintained **8-unit brick townhome investment property** situated on a concrete slab, offering an excellent opportunity for investors seeking a stabilized multifamily asset with numerous recent renovations and improvements.
All eight units feature a desirable **2-bedroom, 1.5-bath townhome-style floor plan** with washer and dryer hookups. Current rents range from approximately **$1,050 to $1,095 per month**, providing strong rental income with additional potential for future rent growth.
The property has undergone extensive improvements, including:
* New interior paint
* New roofs
* New windows
* Updated septic system components
* New carpet and flooring
* Multiple new HVAC systems
* Numerous additional renovations and improvements — **see attached list for complete details**
The owner currently pays the water expense and bills the cost back to tenants, helping offset the property's water expense.
The property also includes an **additional lot**, which is currently incorporated into the property's septic system use and provides additional value and flexibility for the investment.
With eight individually rentable townhome units, extensive capital improvements already completed, and established rental income, this property presents a compelling opportunity for both **income-producing investors and buyers looking to expand their multifamily portfolio**.