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1600 Puryear Dr NW 1600 Puryear Dr NW

4 Unit Apartment Building $650,000 ($162,500/Unit) 7% Cap Rate Dalton, GA 30721

Executive Summary

Opportunity to own a quad with current renters already in place. Rents are $1050 and can go up to $1200. Total rental income of $4200 per month. No vacancies. They are all 1 year contracts. Over 1 acre of land. Land is available for self storage or a laundry unit. New heating and AC units in 3 of the 4 units. 5% management fee.

Property Facts

Price $650,000
Price Per Unit $162,500
Sale Type Investment
Cap Rate 7%
No. Units 4
Property Type Multifamily
Property Subtype
Apartment
  • Office Office Residential
Apartment Style Low Rise
Building Class C
Lot Size 1.15 AC
Building Size 3,360 SF
Average Occupancy 100%
No. Stories 2
Year Built 1960
Parking Ratio 4.46/1,000 SF

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Carpet

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
12-142-05-000
Land Assessment
$6,664
Improvements Assessment
$83,517
Total Assessment
$90,181

zoning

Zoning Code R4 (R-4 four-family residential. The purpose of this district shall be to maintain dwelling. unit density to not more than 12 dwelling units per net acre)
R4 (R-4 four-family residential. The purpose of this district shall be to maintain dwelling. unit density to not more than 12 dwelling units per net acre)
  • Listing ID: 33851716

  • Date on Market: 11/13/2024

  • Last Updated:

  • Address: 1600 Puryear Dr NW, Dalton, GA 30721

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