151 Meridian ST Canton, GA 30114
2.46 Acres Lot
UPDATED:
10/05/2024 11:29 AM
Key Details
Property Type Single Family Home
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Na
MLS Listing ID 7462466
Construction Status Resale
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 2022
Annual Tax Amount $19,311
Tax Year 2023
Lot Size 2.457 Acres
Acres 2.4571
Property Description
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.
Location
State GA
County Cherokee
Lake Name None
Interior
Heating Central
Cooling Central Air
Window Features Aluminum Frames,Double Pane Windows
Exterior
Garage Parking Lot, Paved
Fence None
Community Features None
Utilities Available Cable Available, Electricity Available, Phone Available, Sewer Available, Underground Utilities, Water Available
Waterfront Description None
View Other
Roof Type Composition
Accessibility None
Handicap Access None
Parking Type Parking Lot, Paved
Private Pool false
Building
Lot Description Corner Lot
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick 4 Sides
New Construction No
Construction Status Resale
Schools
Elementary Schools William G. Hasty, Sr.
Middle Schools Teasley
High Schools Cherokee
Others
Senior Community no
Tax ID 91N18 D007
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition None
