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350 Herndon Lane
Canton, GA 30114
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
350 Herndon Lane, Canton, GA 30114 <ul><li>Two standalone buildings with six units per building</li><li>Unit mix: three 1 bed/1 bath units on lower level and three 2 bed/2.5 bath units on upper level per building</li><li>Units are master metered for water, separately for electric</li><li>Value add opportunity to increase water reimbursement or install usage devices, or separately meter the units</li><li>Historical occupancy has been 100% with present occupancy at 91.6%</li><li>Located within the prime Canton Market with sub
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
