Active
151 Meridian Street
Canton GA, 30114
$7,188,888
Active
Other
Built in 2022
Prime Investment Opportunity: 14-Unit Multifamily Property in Canton, GA
Location: 151 Meridian St, Canton, GA 30114
Seize this exceptional investment opportunity in the high-demand area of Canton, GA. This multifamily property, comprising 7 duplexes with a total of 14 units, promises stable, all-cash income for savvy investors.
Property Highlights:
Unit Configuration: Each unit features 4 bedrooms, an office space (convertible to an additional bedroom), and 3 bathrooms.
Modern Interiors: Enjoy resilient vinyl plank flooring and elegant granite countertops throughout.
Durable Construction: Low-maintenance 4-side brick construction with protected gutters ensures longevity.
Ample Parking: A well-maintained paved parking lot provides ample space for residents and guests.
Key Benefits:
High-Demand Location: Situated at 151 Meridian St, this property enjoys a prime location in Canton, GA.
Stable Income: Monthly all-cash rent collections with no issues, thanks to multiple wage earners per unit.
Consistent Rent Increases: Annual rent increases of $100 to $200 ensure steady income growth.
Utility Management: One water meter services the property, with electricity billed back to tenants in 5 units.
Generous Lot Size: The property spans 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 stake in 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.
7462466
MLSⓇ ID
September 26, 2024
Listed
October 14, 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
9
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
Listed by Durazi Savasir with D19 Brokers, LLC. 678-899-0302
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Data last updated 7:37 PM UTC, 10/14/2024