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$3,095,000
7 Days On Site

350 Herndon Lane
Canton, GA 30114

For Sale|Residential Income|Active
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
1997
Built
Subdivision:
Herndon
County:
Cherokee

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350 Herndon Lane350 Herndon Lane350 Herndon Lane350 Herndon Lane
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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.

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Listing Snapshot
Price 
$3,095,000
Days On Site 
7 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
1 Acre
Year Built 
1997
MLS® Number 
7537389
Status 
Active
Property Tax 
$19,276
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
5 days agoStatus changed to Active
5 days agoListing updated with changes from the MLS®
a week agoListing first seen on site
General Features
Acres 
1
Parking 
Paved
Parking Spaces 
9
Sewer 
Public Sewer
Stories 
Multi/Split
Utilities 
Electricity AvailableWater AvailableSewer Available
Water Source 
Public
Interior Features
Cooling 
Electric
Heating 
Electric
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Exterior Features
Construction Details 
Vinyl Siding
Fencing 
None
Lot Features 
Other
Roof 
Shingle
View 
Other
Waterfront Features 
None
Waterview 
Other
Community Features
Community Features 
None
Financing Terms Available 
1031 ExchangeCashConventionalOwner May Carry
Schools
School District
Unknown
Elementary School
J. Knox
Middle School
Teasley
High School
Cherokee
Listing Provided Courtesy Of: Holly Owens of Owens Management Group, LLC holly@owensmanagementgroup.com

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Neighborhood & Commute
Source: Walkscore
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