Active
151 Meridian Street
Canton GA, 30114
$7,188,888
Active
Other
Built in 2022
14 unit multifamily Property for Sale in Canton, GA
Location: 151 Meridian St, Canton, GA 30114
Investment 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 units
Unit Features: Each unit includes 4 bedrooms, an office space (convertible to an additional bedroom), and 3 bathrooms
Interior: Modern interiors with resilient vinyl plank flooring and elegant granite countertops
Construction: Low-maintenance 4-side brick construction with protected gutters
Parking: Well-maintained paved parking lot offering ample space for residents and guests
Key Highlights:
High Demand Location: Situated at 151 Meridian St, this property enjoys a coveted location in Canton, GA
Stable Income: Rents are collected monthly in all cash, with no collection issues due to multiple wage earners per unit
Steady Rent Increases: Annual rent increases of $100 to $200 per year
Utilities: One water meter services the property; the owner bills back electricity to tenants in 5 units
Lot 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 Canton's growing real estate market
Low Vacancy Rates: Rentals in this area rarely have vacancies and rent quickly
Don't miss out on this exceptional investment opportunity. Contact us today to learn more and schedule a viewing!
7425654
MLSⓇ ID
July 23, 2024
Listed
September 5, 2024
Updated
Map
151 Meridian Street
Canton GA, 30114
Interior Features
Total Stories
2
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
2.46 Acres
Lot Features
Corner Lot
Roof
Composition
Sewer
Public Sewer
School Information
High School
Cherokee
Elementary School
William G. Hasty, Sr.
Other Property Details
Taxes
$19,311
Tax Frequency
Annually
Days on Market
44
Garage
No
Parking
Parking Lot, Paved
View
Yes
View Description
Other
County
Cherokee - GA
Water Source
Public
Pool
No
Green Building Features
Green Features
None
Listing History
Date | Event | Price |
---|---|---|
9/5/2024 | Price change | $7,188,888 -1% |
8/9/2024 | Price change | $7,189,900 -1% |
8/1/2024 | Price change | $7,189,950 -1% |
Listed by Durazi Savasir with D19 Brokers, LLC. 678-899-0302
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Data last updated 9:51 PM UTC, 9/5/2024