350 Herndon LN, Canton, GA 30114
350 Herndon LN, Canton, GA 30114
350 Herndon LN, Canton, GA 30114
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Terin Delisser

Terin Delisser

+1(678) 427-2662
$1,439,000
Est. payment /mo
1 Acres Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Subdivision Herndon

MLS Listing ID 7717819

Construction Status Resale

HOA Y/N No

Year Built 1997

Annual Tax Amount $9,747

Tax Year 2024

Lot Size 0.997 Acres

Acres 0.997

Property Sub-Type Other

Source First Multiple Listing Service

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

Area Herndon

Lake Name None

Interior

Heating Electric

Cooling Central Air

Window Features None

Exterior

Parking Features Paved, Parking Lot

Fence None

Community Features None

Utilities Available Electricity Available, Sewer Available, Water Available

Waterfront Description None

View Y/N Yes

View Other

Roof Type Composition

Accessibility None

Handicap Access None

Private Pool false

Building

Lot Description Other

Story Three Or More

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Structure Type Other,Vinyl Siding

Construction Status Resale

Schools

Elementary Schools J. Knox

Middle Schools Teasley

High Schools Cherokee

Others

Senior Community no

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First Multiple Listing Service(FMLS)
Listed by JLA Real Estate Services
Terin Delisser

Terin Delisser

Broker License ID: 368799

+1(678) 427-2662

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