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Crystal Sweetman

realtor.crystalsweetman@gmail.com +1(910) 393-8114

$ 560,000

Est. payment -/mo

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Active

1104 Penrose DR Dalton, GA 30720

0.27 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family,Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 10803065

HOA Y/N No

Year Built 2000

Annual Tax Amount $3,560

Tax Year 2025

Lot Size 0.270 Acres

Acres 0.27

Lot Dimensions 11761.2

Property Sub-Type Multi Family,Quadruplex

Source Georgia MLS 2

Property Description

Beautiful multifamily building, fully occupied all tenants pay $1150 per month. Management company available to continue. This offering presents a 3,072-square-foot, four-unit multifamily property located at 1104 Penrose Drive in Dalton, Georgia, situated on a 20,152-square-foot site zoned C-1. The asset's primary value driver is its small-format apartment configuration within a single-building layout, which may appeal to investors seeking operational simplicity and exposure to workforce-oriented multifamily demand. Built in 2000, the property contains four residential units in one building on approximately 0.27 acres. Public record activity indicates the asset traded for $405,000 in June 2024, equating to roughly $131.84 per square foot, reflecting recent market validation of the property's pricing benchmark and providing a current basis for underwriting. The investment thesis is centered on the acquisition of a recently transacted, efficiently scaled multifamily asset in Dalton with straightforward physical characteristics, modest lot coverage, and commercial zoning that may support long-term flexibility. For buyers targeting smaller multifamily investments, the property offers a manageable unit count, a clearly defined parcel, and a recent sales comp reference that can support near-term valuation analysis and future repositioning decisions. Investment highlights Modern vintage relative to many small multifamily assets. Built in 2000, the property is newer than much of the legacy small-balance apartment stock often found in secondary markets. A more recent construction date may translate into lower near-term replacement risk for major building systems compared with older inventory. Defined site size offers usable land area without excess overhead. The parcel totals 20,152 square feet, or about 0.27 acres, creating a compact site that remains large enough to support the existing improvements. This balance may help contain grounds-related operating demands while preserving site functionality. Dalton location offers exposure to a proven North Georgia rental market. The property is located in Dalton, the economic center of Whitfield County and a regional employment hub in Northwest Georgia. For small multifamily investors, that setting may support recurring renter demand tied to local employment and neighborhood-serving housing needs.

Location

State GA

County Whitfield

Rooms

Bedroom Description No

Basement None

Interior

Heating Natural Gas

Cooling None

Fireplace No

Exterior

Parking Features Off Street

Community Features Sidewalks, Street Lights

Utilities Available Sewer Connected

View Y/N No

Garage No

Private Pool No

Building

Faces Use GPS

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Vinyl Siding

New Construction No

Schools

Elementary Schools Westwood

Middle Schools Dalton

High Schools Dalton

Others

HOA Fee Include None

Tax ID 1218202015

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Resale

Crystal Sweetman

Agent | License ID: 408275

+1(910) 393-8114 | realtor.crystalsweetman@gmail.com

Crystal Sweetman

1104 Penrose DR Dalton, GA 30720

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1104 Penrose DR