0 North Tibbs Road

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0 North Tibbs Road

Dalton, GA 30720
Asking Price
$3.60M
Asset Type
Commercial Land
Class
Class B

What's Special

Multi-Family Land Shovel ready. Fully approved for High density. 4 Million Dollar Tax Abatement <ul><li>​Zoned / Actionable Market-Rate Site</li><li>​Intown/Urban Location featuring surface parked, low-density development scope</li><li>​Market Study Completed by 3rd party: Demand exceeds Supply</li><li>​Developer friendly, no-red tape county/city</li><li>​~14.65 acre site, ~9.5 acres buildable</li><li>​10-year, $400K per year property tax abatement commencing at final C.O.</li><li>​Maximum Allowable Density: 20 units/acre: 280-Units</li><li>​Survey/Topo</li><li>​Geo Report</li><li>​Civil E

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NOI
$80,000
Cap Rate
2.22%
DSCR
0.37
Underwater
Cash-on-Cash
-12.38%
Monthly Payment
$17,810.836
Annual Cash Flow
$-133,730.029

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