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113 N Tibbs Rd, Dalton, GA, 30720

EMERALDS APARTMENTS
yes

Key Information

Cap Rate
7.04%
$ per SF
$91
Type
Apartments
NOI
$105,000

Highlights

INVESTMENT HIGHLIGHTS

  • Amenities include a pool, basketball court, on-site management office, laundry facility, outdoor seating areas, Koi pond, pet waste stations, bike racks, and large 1, 2, & 3 bedroom unit types
  • The closest multifamily community to Dalton’s premier I-75 interstate exit, which contains Dalton’s best food & retail
  • Situated in an upscale single-family neighborhood
  • Dalton is the “Carpet Capital of the World,” serving as the North American Operations HQ for 29 international companies
  • Median household income within 1 mile radius of $68,038
  • Around 25% additional rental upside achievable by finishing remaining 13 unit interior upgrades and an exterior face lift
  • Convenient to both Chattanooga, TN (20-min N) and to Atlanta, GA (1.5-hr S)
  • Large cleared space next to office prepped for fitness center or other amenity addition
  • On-site laundry facilities and some units having W/D connections in them

Photos

Location

Agents

Broker of Record

Maxx Bauman

License # 451849 (GA)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203