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Multifamily

South Dixie Apartments

3950 S Dixie Rd, Dalton, GA 30721

Listing Price: $1,020,000

Cap Rate
7.01%
Number of Units
11
GRM
7.43
Price/Unit
$92,727
Price/Gross SF
$148.08
Gross SF
6,888

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the South Dixie Apartments. This offering will allow a potential investor to purchase a rare value-add opportunity Located in Dalton, GA.

Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing.

AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE OF THE SOUTH DIXIE APARTMENTS.

Investment Highlights

  • Rents are currently $98 below market rate
  • Opportunity to expand the property
  • easy access to I-75, connecting to Chattanooga and Atlanta
  • Strong rental demand driven by the textile industry, manufacturing, and a growing workforce
  • The asset is on city water and city sewer

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Financing By

Multifamily

South Dixie Apartments

Listing Price: $1,020,000

Cap Rate
7.01%
Number of Units
11
GRM
7.43
Price/Unit
$92,727
Price/Gross SF
$148.08
Gross SF
6,888

Investment Highlights

  • Rents are currently $98 below market rate
  • Opportunity to expand the property
  • easy access to I-75, connecting to Chattanooga and Atlanta
  • Strong rental demand driven by the textile industry, manufacturing, and a growing workforce
  • The asset is on city water and city sewer

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the South Dixie Apartments. This offering will allow a potential investor to purchase a rare value-add opportunity Located in Dalton, GA. Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing. AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE OF THE SOUTH DIXIE APARTMENTS.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

Financing By

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