Sale of Two Apartments in Dalton, Georgia

 

Dalton, GA — Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, announced the successful closing of Emeralds & Raintree Apartments located at 113 North Tibbs Road and 2202 Raintree Way, Dalton, GA. Matthews™ Vice President & Associate Director Austin Graham represented the seller in the $5,900,000 transaction.

 

The buyer, a private client, acquired two multifamily properties five minutes apart, offering great convenience in operations and management. The Emeralds property has undergone over $1,000,000 in capital improvements, with 27 of 40 units fully renovated, while Raintree offers significant upside potential with rents 40% below market.

 

“The proximity of the properties and the value-add potential at both Emeralds and Raintree make this a strong investment opportunity,” Graham said.

 

The acquisition was timed perfectly, with the buyer locking in a low interest rate through a Freddie Mac loan when 10-year Treasury yields were at a 12-month low.

 

For more information or to contact a Matthews™ specialized agent, please visit
www.matthews.com.

 

About Matthews™

Matthews Real Estate Investments Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 25+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.