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3950 S Dixie Rd 11 Unit Apartment Building $899,000 ($81,727/Unit) 6.26% Cap Rate Dalton, GA 30721
Investment Highlights
- 11-unit multifamily portfolio on 2 acres
- Preliminary site plan supports up to 6 additional units (600 SF each) for future expansion
- Property converted from septic to city sewer with heavy-duty pump station and new piping
- Recently rezoned to R-7 High Density Residential, allowing higher-density development
- Interior renovations completed across units in 2024–2025
- High occupancy with established operating history
Executive Summary
Value-add multifamily opportunity with expansion upside on South Dixie Highway in Dalton. This income-producing portfolio consists of 11 total units on approximately 2.02 acres, offering a scalable asset with in-place rental income for the growth-minded investor.
Extensive renovations and repairs across the portfolio, with the all units remodeled during 2024–2025 resulting in units that only require minor turn-over work between tenants
The single-family houses received new roofs in 2022, and the apartments received a new roof in 2024.
A major infrastructure upgrade was completed when the property was converted from septic to city sewer, including installation of a heavy-duty pump station and new piping throughout the site. The system was designed with sufficient capacity to support the proposed additional units
Adding to the upside, the property has received final approval for rezoning from R-6 to R-7 High Density Residential, opening the door for increased density and future development
A preliminary site plan illustrates the potential to add six additional 600 SF units, bringing the total to 17 units, while remaining within zoning density requirements
Financials show approximately $93,547.29 in gross income over the most recent 12-month period, with detailed expense reporting and documented capital expenditures including remodel costs
This offering is ideal for investors seeking immediate cash flow, operational history, and a clear path to increasing value through additional unit development. Excellent combination of stabilized income, recent improvements, and approved density upside in a growing Dalton rental corridor.
Extensive renovations and repairs across the portfolio, with the all units remodeled during 2024–2025 resulting in units that only require minor turn-over work between tenants
The single-family houses received new roofs in 2022, and the apartments received a new roof in 2024.
A major infrastructure upgrade was completed when the property was converted from septic to city sewer, including installation of a heavy-duty pump station and new piping throughout the site. The system was designed with sufficient capacity to support the proposed additional units
Adding to the upside, the property has received final approval for rezoning from R-6 to R-7 High Density Residential, opening the door for increased density and future development
A preliminary site plan illustrates the potential to add six additional 600 SF units, bringing the total to 17 units, while remaining within zoning density requirements
Financials show approximately $93,547.29 in gross income over the most recent 12-month period, with detailed expense reporting and documented capital expenditures including remodel costs
This offering is ideal for investors seeking immediate cash flow, operational history, and a clear path to increasing value through additional unit development. Excellent combination of stabilized income, recent improvements, and approved density upside in a growing Dalton rental corridor.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $899,000 | Apartment Style | Garden |
| Price Per Unit | $81,727 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.02 AC |
| Cap Rate | 6.26% | Building Size | 7,395 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 100% |
| No. Units | 11 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1961/1983 |
| Property Subtype | Apartment | ||
| Zoning | R7 - High Density Residential (R-7) | ||
| Price | $899,000 |
| Price Per Unit | $81,727 |
| Sale Type | Investment |
| Cap Rate | 6.26% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.02 AC |
| Building Size | 7,395 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1961/1983 |
| Zoning | R7 - High Density Residential (R-7) |
Amenities
Unit Amenities
- Air Conditioning
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | $872.50 | - |
| 2+1 | 3 | $947.50 | - |
| 3+2 | 1 | $1,450 | - |
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Property Taxes
| Parcel Number | 13-116-01-000 | Total Assessment | $144,558 (2025) |
| Land Assessment | $20,100 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $124,458 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
13-116-01-000
Land Assessment
$20,100 (2025)
Improvements Assessment
$124,458 (2025)
Total Assessment
$144,558 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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3950 S Dixie Rd
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