$3,095,000
For Sale

350 Herndon Lane

Canton, GA 30114
Browse 13 photos
Type:Multi-Family
Structure:5+ Family
Zone:Residential

Description

Seller is offering 3-year interest only seller financing at 4.75% to a buyer with $975,000 down, subject to acceptable multi-family experience and terms. This allows a buyer the opportunity to generate cash flow immediately while implementing a value-add strategy to enhance the cash flow and appreciation at the property. Don't miss this unique investment opportunity! This multi-family property features 4 buildings with 6 units within each building (24 units total) and a laundry room. The property addresses are 245, 330, 350 & 360 Herndon Way. The property is located within 5 miles of historic downtown Canton and I-575. Six spacious townhouses with 2 bedrooms and 2.5 baths. Six one bedroom and one bath efficiency apartments on the lower level. There is no HOA. Priced significantly below replacement cost, this is a rare opportunity to acquire a property like this in the City of Canton and Cherokee County. Cherokee County is expected to be among the top counties in the metro Atlanta area for population growth, offering strong appreciation prospects for your investment.

  • Property Details
      • Utility FeaturesElectricity Individual Meters
      • Basement DescriptionExterior Entry, Finished, Full
      • Property SubtypeMulti Family (5+ Units)
      • Structure TypeMulti Family (5+ Units)
      • Property TypeMulti-Family
      • Sewer InformationPublic Sewer
      • High SchoolCherokee
      • CountyCherokee
      • MLS #10474557
      • MLS #10474557
      • SubdivisionHerndon
      • Middle SchoolTeasley
      • Taxes Annual$19,276
      • Cost3095000
      • Utility SourcePublic
      • Year Built1997
      • FoundationSlab
      • Elementary SchoolKnox
      • Acres1
      • Parking Spaces9
      • Basement1
      • Basement Finished1

Location

Michelle GardnerReal Estate Group
OR

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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