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Frank Farkas

frank.farkas2@gmail.com +1(678) 442-1509

$1,725,000

Est. payment - /mo

0.79 Acres Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Subdivision No Subdivision

MLS Listing ID 7704189

Construction Status Resale

HOA Y/N No

Year Built 1999

Annual Tax Amount $6,625

Tax Year 2024

Lot Size 0.790 Acres

Acres 0.79

Property Sub-Type Other

Source First Multiple Listing Service

Property Description

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.

Location

State GA

County Whitfield

Area None

Lake Name None

Interior

Heating Baseboard

Cooling Central Air

Window Features None

Exterior

Parking Features Parking Lot

Fence None

Community Features None

Utilities Available None

Waterfront Description None

View Y/N Yes

View Other

Roof Type Composition

Accessibility None

Handicap Access None

Private Pool false

Building

Lot Description Level

Story Two

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Vinyl Siding

Construction Status Resale

Schools

Elementary Schools Whitfield - Other

Middle Schools Whitfield - Other

High Schools Whitfield - Other

Others

Senior Community no

Tax ID 1223916008

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Circumstances None

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Listed by Chapman Hall Realty

Nearby School & Business

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Frank Farkas

+1(678) 442-1509

Managing Partner - Realtor License ID: 174175

432 4th AVE Dalton, GA 30721

Frank Farkas

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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