432 4th Ave Dalton, GA 30721
Estimated payment $9,761/month
Highlights
- No HOA
- Central Air
- Baseboard Heating
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,625
Year Built
- Built in 1999
Parking
- Off-Street Parking
Home Design
- Vinyl Siding
Utilities
- Central Air
- Baseboard Heating
Additional Features
- 2-Story Property
- 34,412 Sq Ft Lot
Community Details
- No Home Owners Association
- 12 Units
Map
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,197 | $351,352 | $63,200 | $288,152 |
| 2024 | $11,197 | $351,352 | $63,200 | $288,152 |
| 2023 | $6,391 | $185,546 | $10,286 | $175,260 |
| 2022 | $4,793 | $139,146 | $10,286 | $128,860 |
| 2021 | $4,800 | $139,146 | $10,286 | $128,860 |
| 2020 | $4,350 | $121,400 | $10,286 | $111,114 |
| 2019 | $4,485 | $121,400 | $10,286 | $111,114 |
| 2018 | $4,552 | $121,400 | $10,286 | $111,114 |
| 2017 | $4,382 | $121,400 | $10,286 | $111,114 |
| 2016 | $4,410 | $121,400 | $10,286 | $111,114 |
| 2014 | $4,007 | $121,400 | $10,286 | $111,114 |
| 2013 | -- | $121,399 | $10,286 | $111,113 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/04/2026 03/04/26 | For Sale | $1,725,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $875,000 | None Listed On Document | |
| Special Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | -- | -- | |
| Deed | $285,000 | -- | |
| Deed | -- | -- | |
| Deed | $545,000 | -- | |
| Deed | $50,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $830,000 | Commercial | |
| Previous Owner | $231,380 | Commercial |
Source: Georgia MLS
MLS Number: 10702926
APN: 12-239-16-008
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Redfin are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2026 Georgia MLS. All rights reserved.
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