✨4.28 ACRES with 4 Manufactured Homes 🏘️ Can be split into 4 Parcels and Sold Separately💰

Situated on a 4.28-acre lot, this property provides 4 Manufactured Homes located just 30 minutes to Chattanooga, TN and less than 20 minutes to Dalton, GA.

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ASKING PRICE: $360K

ARV: $680K
PREFERRED LENDER LINK

Perfect For: 

🛠️Fix & Flip - Split Parcels & Sell Individually

(Purchase Price) $360K [$90K each] + (Rehab) $120K [$30K each] = (Total Investment) $480K

(ARV) $680K [$170K each] - (Total Investment) $480K = (Gross Profit) $200K [$50K each]

SOLD COMPS:

152 Good Ole Boys Dr. Dalton, GA 30721 - SOLD $240K (Bigger on 5.14 Acres)

115 Baird Way Cohutta, GA 30710 - SOLD $145K (Smaller on 0.58 Acres)

137 Favorite Way Dalton, GA 30721- SOLD $164K (Updated on 3.87 Acres)

FOR SALE COMPS:

778 Reed Pond Rd. NW Dalton, GA 30720 - FOR SALE $229K (Bigger on 0.23 Acres)

🛠️Buy & Hold

(Purchase Price) $360K [$90K each] + (Rental Rehab) $80K [$20K each] = (Total Investment) $440K

Market Rent x4= $6,000/ mo. ($1,500 each)

Total Investment = $440K (16% Cap Rate)

RENTAL COMPS:

145 Sante Fe Trl. NW Dalton, GA 30721 - FOR RENT $1,600/ mo

2988 Reed Rd. Dalton, GA 30720 - FOR RENT $1,300/ mo

Property Overview: All 4 Homes

🛏 3 Bedrooms

🛁 2 Bathroom

📏 1000 Sqft. 

🌳4.28 Acres

📅 Built in 1995

Property Details:

🧱Exterior: Vinyl Siding

🚰Utilities: City Water & Septic (each have their own meters & tanks)

🪠Plumbing: Copper with No Issues

💡Electrical: Breakers with No Issues

Additional Insights:

🚀 Area: Rural

🖼️Land: Zoned A-1, R3- Residential

🚧 Attention Required:

• HVAC, Roof & Hot Water Heater
• Flooring & Paint
• Kitchen & Bathroom

🔄️ Occupancy: 2 are Vacant & 2 are Occupied (ALL VACANT AT CLOSE)

PLEASE CALL TO SCHEDULE SHOWINGS

919-646 9714

TENTATIVE CLOSE DATE: ON OR BEFORE 08/20/2024