Viewing Listing MLS# 397203751
Canton, GA 30114
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- N/A SqFt
- 2022Year Built
- 2.46Acres
- MLS# 397203751
- Multifamily
- Other
- Active
- Approx Time on Market1 month, 27 days
- AreaN/A
- CountyCherokee - GA
- Subdivision Na
Overview
14 unit multifamily Property for Sale in Canton, GALocation: 151 Meridian St, Canton, GA 30114Investment Opportunity: This multifamily property is a prime investment for savvy real estate investors seeking stable, all-cash income. Located in the high-demand area of Canton, GA, this property is a true gem.Property Details:Units: 7 duplexes totaling 14 unitsUnit Features: Each unit includes 4 bedrooms, an office space (convertible to an additional bedroom), and 3 bathroomsInterior: Modern interiors with resilient vinyl plank flooring and elegant granite countertopsConstruction: Low-maintenance 4-side brick construction with protected guttersParking: Well-maintained paved parking lot offering ample space for residents and guestsKey Highlights:High Demand Location: Situated at 151 Meridian St, this property enjoys a coveted location in Canton, GAStable Income: Rents are collected monthly in all cash, with no collection issues due to multiple wage earners per unitSteady Rent Increases: Annual rent increases of $100 to $200 per yearUtilities: One water meter services the property; the owner bills back electricity to tenants in 5 unitsLot Size: Total lot size of 2.4571 acres (per tax record), including two plats (091N18-0000D-007-000-0000 and 091N18-0000D-008-000-0000)Why Invest Here?Thriving Real Estate Market: Secure your piece of Cantons growing real estate marketLow Vacancy Rates: Rentals in this area rarely have vacancies and rent quicklyDont miss out on this exceptional investment opportunity. Contact us today to learn more and schedule a viewing!
Association Fees / Info
Hoa: No
Community Features: None
Bathroom Info
Building Info
Habitable Residence: No
Number of Units Total: 14
Exterior Features
Fence: None
Pool Private: No
County: Cherokee - GA
Acres: 2.46
Financial
Original Price: $7,190,000
Operating Expense: 109269
Net Operating Income: 458,031
Owner Financing: No
Cap Rate: 6.37
Gross Income: 56,730
Garage / Parking
Parking Features: Parking Lot, Paved
Green / Env Info
Green Energy Generation: None
Handicap
Accessibility Features: None
Interior Features
Security Ftr: None
Levels: Two
Lot Info
Lot Size Source: See Remarks
Lot Features: Corner Lot
Lot Size: x
Misc
Property Attached: No
Home Warranty: No
Open House
Other
Property Info
Construction Materials: Brick 4 Sides
Year Built: 2,022
Property Condition: Resale
Roof: Composition
Property Type: Residential Income
Rental Info
Land Lease: No
Special Features
Green Features: None
Special Listing Conditions: None
Special Circumstances: None
Tax Info
Tax Amount Annual: 19311
Tax Year: 2,023
Tax Parcel Letter: 091N18-0000D-007-000-0000
Unit Info
Utilities / Hvac
Cool System: Central Air
Heating: Central
Utilities: Cable Available, Electricity Available, Phone Available, Sewer Available, Underground Utilities, Water Available
Sewer: Public Sewer
Waterfront / Water
Water Body Name: None
Water Source: Public
Waterfront Features: None
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