350 Herndon Lane, Canton, GA 30114

  • $3,095,000
350 Herndon Lane, Canton, GA 30114
Active Resale
350 Herndon Lane, Canton, GA 30114
350 Herndon Lane, Canton, GA 30114
  • $3,095,000

Overview

Property ID: HZ7537389
  • Other, Residential Income
  • Property Type
  • 1997
  • Year Built

Description

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.

  • Address 350 Herndon Lane
  • City Canton
  • State/county GA
  • Zip/Postal Code 30114
  • Area Herndon

Details

Updated on March 9, 2025 at 2:03 pm
  • Price: $3,095,000
  • Land Area: 1 Acres
  • Garage Size: x x
  • Year Built: 1997
  • Property Type: Other, Residential Income
  • Property Status: Active

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