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

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