About 432 4th Avenue
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.
Features of 432 4th Avenue
| MLS® # | 7487102 |
|---|---|
| Price | $1,825,000 |
| Bathrooms | 0.00 |
| Acres | 0.79 |
| Year Built | 1999 |
| Type | Residential Income |
| Sub-Type | Other |
| Status | Active |
Community Information
| Address | 432 4th Avenue |
|---|---|
| Subdivision | None |
| City | Dalton |
| County | Whitfield - GA |
| State | GA |
| Zip Code | 30721 |
Amenities
| Utilities | None |
|---|---|
| Parking Spaces | 9 |
| Parking | Parking Lot |
| View | Other |
| Is Waterfront | No |
| Waterfront | None |
| Has Pool | No |
Interior
| Heating | Baseboard |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
| Stories | Two |
Exterior
| Lot Description | Level |
|---|---|
| Windows | None |
| Roof | Composition |
| Construction | Vinyl Siding |
School Information
| Elementary | Whitfield - Other |
|---|---|
| Middle | Whitfield - Other |
| High | Whitfield - Other |
Additional Information
| Days on Market | 335 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Keller Williams North Atlanta |
|---|