UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,395 sqft
Price per Sqft $117
MLS Listing ID 1528620
Style Other
Year Built 1977
Lot Size 2.020 Acres
Acres 2.02
Property Sub-Type Multi Family
Source Greater Chattanooga REALTORS®
Property Description
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.
Location
State GA
County Whitfield
Area 2.02
Interior
Interior Features Ceiling Fan(s), Other
Heating Central, Wall Furnace
Cooling Ceiling Fan(s), Central Air, Window Unit(s)
Flooring Luxury Vinyl, Other
Fireplace No
Appliance Refrigerator, Electric Oven
Heat Source Central, Wall Furnace
Laundry In Kitchen, Other
Exterior
Exterior Feature Rain Gutters
Parking Features Gravel
Garage Description Gravel
Roof Type Flat,Metal
Porch Other
Garage No
Building
Lot Description Cleared, Few Trees
Faces From Dalton, Take HWY 52 toward Thornton Ave. South on S Dixie HWY. Cross HWY 41. Destination on Left.
Story One
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Storage
Structure Type Vinyl Siding,Other
Schools
Elementary Schools Valley Point. Elementary
Middle Schools Valley Point. Middle
High Schools Southeast High School
Others
Senior Community No
Tax ID 13-116-01-000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
NEARBY SCHOOL & BUSINESS
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Jodi Newell
Realtor | License ID: GA 373648 TN 336487
Realtor License ID: GA 373648 TN 336487