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Dalton Beach Club and The Valley

Contiguous properties one mile from I-75, in Dalton, GA; They are less than 2 miles from Hamilton Medical Center (1,900 jobs); Dalton Beach Club has 100% townhome units with spacious floorplans averaging 1,150 SF. The Valley, that is on a master lease to Shaw Industries, has 32 garden-style units which average 1,250 SF; Close to Dalton State College, multiple top industrial employers and three miles from Dalton’s downtown business district; Limited supply of multifamily housing in the Dalton area.

Property Highlights:

Number of Units: 187 Units
Average Square Feet: 1,167 SF
Total Square Feet: 218,250 SF

Site Details

Site Size: Acres

Unit Features

  • Fully-equipped Eat-in Kitchen
  • Frost-free Refrigerator
  • Kitchen Window and Door
  • Full-sized Washer/Dryer Connections
  • Wood-burning Fireplace
  • Patio
  • Faux Wood Vinyl Flooring
  • Spacious Closets
  • Mirrored Closet Doors*
  • Ceiling Fan(s)
  • (*In select units)
  • Furniture and Utensils Supplied
  • Fully-equipped Kitchen
  • Black Appliances*
  • Washer/Dryer Connections
  • Patio/Balcony
  • Faux Wood Vinyl Floors
  • Walk-in Closet(s)
  • Window Blinds
  • (*In select units)

Community Amenities

  • *Dalton Beach Club*
  • Leasing Office
  • Swimming Pool
  • Playground
  • Basketball/Sports Court
  • Curbside Mailboxes
  • Mature Landscaping
  • *The Valley*
  • Basketball Court
  • Mail Kiosk
  • Two Small Storage Buildings

Investment Highlights:

  • 100% Spacious Townhome Floorplans
  • Dalton Beach Club is comprised of 155 two-bedroom/one and a half bath townhomes with vinyl siding and brick accents. The spacious, well-appointed floorplans (1,150 SF) feature wood-burning fireplace, full-size washer/dryer connections, eat-in kitchen, and patio or deck.
  • The quiet cul-de-sac street, front-door parking, individual curbside mailboxes, lawn areas between and behind the buildings and mature landscaping all provide an atmosphere of individually-rented houses, as opposed to a typical apartment complex.
  • The owner recently upgraded the exterior and amenity package including pool and clubhouse upgrades, new paint and roof repair.
  • The asset is located on the west side of Dalton, close to I-75, which is the more desirable area of the city.
  • Stable and Growing Collections
  • Dalton Beach Club is currently 97% occupied and has a history of strong, stable property performance.
  • The city’s economic growth has resulted in increasing collections at subject during Q4 2017. Annualizing the collections increase of $5,250 from September to November would add nearly $63,000 to the property’s NOI.
  • The Valley was built in 1999 to house employees of Shaw Industries, a major flooring manufacturer. The asset has been well maintained and features 32 units with pitched roofs, exterior covered breezeways, and vinyl exteriors with brick accents.
  • Each unit is equipped with furniture, new black kitchen appliances, and washers and dryers with full-size connections.
  • The asset has a basketball court and two small storage buildings.
  • All units are consistently leased, and management has historically asked for more units to house employees.
  • The Valley has been on a master lease with Shaw since completion.
  • Shaw, which just celebrated 50 years in the carpet industry, currently employs more than 20,000 people in North Georgia and plans to continue to grow vertically.
  • Every six months, 35%-50% of the units are painted and cleaned.
  • Any damages outside of normal wear and tear are the responsibility of Shaw.
  • Shaw pays for electricity, while the landlord is responsible for water.
  • Three vacant acres are included in the sale (partially in a flood plain).

To access more detailed information about this property such as the Offering Memorandum PDF or other documents please Log in or Register.

Contact Information

Barden Brown

Managing Director, Multifamily Sales and Lending

Taylor Brown

Director - Multifamily Sales and Lending

Cory Caroline Sams

Director, Multifamily Sales and Lending

Bo Brown

President and CEO