Active

350 Herndon Lane

Canton GA, 30114

$3,095,000


Active

Residential

Built in 1997

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.

7537389

MLS ID

March 7, 2025

Listed

March 9, 2025

Updated

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

Electric


Heating

Yes


Heating Description

Electric

Exterior/Building Features

Lot Size

1 Acre


Lot Features

Other


Roof

Shingle


Sewer

Public Sewer


Security

None


Window

None

School Information

High School

Cherokee


Elementary School

J. Knox

Other Property Details

Taxes

$19,276


Tax Frequency

Annually


Days on Market

2


Accessibility

None


Garage

No


Parking

Paved


Parking Total

9


View

Yes


View Description

Other


County

Cherokee - GA


Water Source

Public


Pool

No


Waterfront Features

None


Utilities

Electricity Available, Water Available, Sewer Available

Green Building Features

Green Features

None

Listed by Holly Owens with Owens Management Group, LLC 678-316-0117

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Data last updated 2:36 PM UTC, 3/9/2025

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