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350 Herndon Lane , Canton, GA 30114

$3,095,000

1997
year built

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.

Highlights

  • Residential Income
  • Multi Family
  • Built in 1997
  • 1.0 Acre Lot
  • 9.0 Car Garage
  • 14 days on Market

  • Year Built
    1997
  • Construction Materials
    Vinyl Siding
  • Foundation
    Slab
  • Garage Spaces
    9.0
  • Cooling
    Electric
  • Heating
    Electric
  • Basement
    Exterior Entry, Finished, Full

  • Acres
    1.0
  • Water
    Public

  • County
    Cherokee
  • City
    Canton
  • Neighborhood
    Herndon
  • Zip Code
    30114
  • High School
    Cherokee
  • Middle School
    Teasley
  • Elementary School
    Knox

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350 Herndon Lane , Canton, GA 30114

MLS# 10474557 - Multi Family For Sale

This Multi Family for sale has bedrooms and bathrooms with a total of sq/ft. It's located at 350 Herndon Lane , Canton, GA 30114 on 1.0 acresin the Herndon neighborhood.

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2025, Georgia MLS. All rights reserved.

Last Updated: May 23, 2025 | Source: Georgia MLS | MLS#: 10474557