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Naveen Sharma

naveen@fourpointrealty.com +1(732) 429-0939

$1,439,000

Est. payment - /mo

1 Acres Lot

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Herndon

MLS Listing ID 10701962

HOA Y/N No

Year Built 1997

Annual Tax Amount $9,747

Tax Year 2024

Lot Size 0.997 Acres

Acres 0.997

Lot Dimensions 43429.32

Property Sub-Type Multi Family

Source Georgia MLS 2

Property Description

350 Herndon Lane located in the fast growing City of Canton, Cherokee County, Georgia. Situated just south of the Canton Historic District and in close proximity to I-575. The property features two-standalone buildings with six units per building. Unit mix per building is three, 1 bed / 1 bath units on the lower level and three, 2 bed / 2.5 bath units on the upper level. Units are master metered for water, separately for electric. Value add opportunity to increase the reimbursement for water or install usage devices, or separately meter the units. Historical occupancy has been 100% with present occupancy is 91.6%. One unit recently vacated due to job relocation. This asset is located within the prime Canton Market, which has experienced substantial growth over the past decade. Average Household income reported over $102,000 within a three-mile radius. Strong rental market with roughly 52% of households being leased and projected to grow over the next 5 years. Please inquire with listing agent for financials and additional information. Interior inspections allowed ONLY during due diligence period. Don't hesitate to connect with any questions or need further details.

Location

State GA

County Cherokee

Rooms

Bedroom Description No

Basement Finished

Interior

Heating Electric

Cooling Central Air

Fireplace No

Exterior

Parking Features Over 1 Space per Unit

Community Features None

Utilities Available Electricity Individual Meters, Sewer Connected, Water Billing Prorated

View Y/N No

Garage No

Private Pool No

Building

Faces GPS 350 Herdon Lane. Units in far northeast portion of the development. Aerial attached for location reference.

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 465112

Special Listing Condition Resale

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Naveen Sharma

+1(732) 429-0939

naveen@fourpointrealty.com

350 Herndon LN Canton, GA 30114

Naveen Sharma

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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350 Herndon LN