350 Herndon LN Active Save Request In-Person Tour Request Virtual Tour
Canton,GA 30114
Key Details
Property Type Single Family Home
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Herndon
MLS Listing ID 7537389
Year Built 1997
Annual Tax Amount $19,276
Tax Year 2024
Lot Size 1.000 Acres
Property Sub-Type Other
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
Interior
Heating Electric
Cooling Electric
Exterior
Parking Features Paved
Fence None
Community Features None
Utilities Available Electricity Available,Water Available,Sewer Available
Waterfront Description None
View Other
Roof Type Shingle
Building
Lot Description Other
Story Multi/Split
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
New Construction No
Schools
Elementary Schools J. Knox
Middle Schools Teasley
High Schools Cherokee
Others
Acceptable Financing 1031 Exchange,Cash,Conventional,Owner May Carry
Listing Terms 1031 Exchange,Cash,Conventional,Owner May Carry
Special Listing Condition None