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