3950 S Dixie Rd - Apartments FOR SALE


Dalton, GA 30721
$1,020,000 USD
615-997-2853
3950 S Dixie Rd, Dalton, GA for Sale
$1,020,000 USD
Apartments - FOR SALE
1/39
null | 7.01% Cap Rate

3950 S Dixie Rd
Dalton, GA 30721


HIGHLIGHTS

  • Located minutes from Downtown Dalton, major employers, shopping, and dining
  • Easy access to I-75, connecting to Chattanooga and Atlanta
  • Strong rental demand drive by the textile industry, manufacturing, and a growing workforce
  • Opportunity to expand on the property
  • Rents are currently $98 below market rate
  • Diverse unit mix

OVERVIEW

Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/173038/south-dixie-apartments 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.

FOR SALE DETAILS

PRICE

$1,020,000 USD

PRICE/SF

$169 USD /SF

# OF UNITS

11

PRICE/UNIT

$92,727

CAP RATE

7.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

South Dixie Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.02 AC

LAND SF

87,991 SF

ZONING

commercial

APN/PARCEL ID

13-116-01-000

ASK ABOUT THIS PROPERTY

Patrick CosgroveMarcus & MillichapMore Info
615-997-2853

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Patrick CosgroveMarcus & MillichapMore Info
615-997-2853

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.