350 Herndon LN, Canton, GA 30114 - MLS#10474557

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Melissa Gunther

melissa@yourdreamhomeawaits.com +1(770) 873-9637

$3,095,000

Est. payment - /mo

1 Acres Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Herndon

MLS Listing ID 10474557

HOA Y/N No

Originating Board Georgia MLS 2

Year Built 1997

Annual Tax Amount $19,276

Tax Year 2024

Lot Size 1.000 Acres

Acres 1.0

Lot Dimensions 1

Property Sub-Type Multi Family

Property 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.

Location

State GA

County Cherokee

Rooms

Basement Exterior Entry, Finished, Full

Interior

Heating Electric

Cooling Electric

Fireplace No

Exterior

Parking Features Over 1 Space per Unit

Garage Spaces 9.0

Community Features None

Utilities Available Electricity Individual Meters

View Y/N No

Total Parking Spaces 9

Garage No

Private Pool No

Building

Faces Use GPS

Foundation Slab

Sewer Public Sewer

Water Public

Structure Type Vinyl Siding

New Construction No

Schools

Elementary Schools Knox

Middle Schools Teasley

High Schools Cherokee

Others

HOA Fee Include None

Tax ID 91N19 009

Special Listing Condition Resale

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Melissa Gunther

+1(770) 873-9637

Agent | License ID: 372743

Agent License ID: 372743

350 Herndon LN Canton, GA 30114

Melissa Gunther

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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