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319 Birch Street
Canton, Georgia GA 30114-2530
Sold For: $375,000
Listing ID 7087068
Status Closed
Min Square Feet 4,784
Acres 0.325
Year Built 1924

Property Description:

Amazing Multi-Family opportunity in Canton! Fully leased Quad with gross annual rent of $33,600 annually. Landlord responsible for property taxes and insurance. Property is well maintained with new roof in last 4 years, freshly painted, new flooring and new siding on 20% of the building. All current leases are on a month to month basis with no desire to leave. New owner would have the ability to terminate current leases if so desired or renew. Please DO NOT DISTURB tenants. Property can be viewed once under contract during the Due Diligence period.

Primary Features

County: Cherokee - GA
Property Sub Type: Condominium
Property Type: Commercial Sale
Year Built: 1924
Zoning: R2

Interior

Basement: None
Cooling: Window Unit(s)
Flooring: Carpet, Ceramic Tile, Hardwood
Heating: Space Heater
Interior Features: Living Space Available, Restrooms
Levels: Two
Other Equipment: None
Room Basement Level: Basement

External

Construction Materials: Cement Siding, Frame, Wood Siding
Electric: 110 Volts, 220 Volts
Fencing: None
Lot Features: Sidewalk
Lot Size Dimensions: 140 x 101
Lot Size Source: Owner
Number Of Buildings: 1
Number of Entrances: 4
Other Structures: None
Parking Features: Parking Lot
Parking Total: 8
Property Attached: no
Road Frontage Length: 108
Road Frontage Type: County Road
Road Surface Type: Asphalt
Roof: Asphalt
Sewer: Public Sewer
Utilities: Electricity Available, Natural Gas Available
Water Body Name: None
Water Source: Public
Window Features: Insulated Windows

Location

Directions: From 575 N, Exit 20 and Left onto Riverstone Parkway. Turn right onto Juniper Street, then 2nd right onto Birch Street. 319 Birch Street is on the Left.
Recommended Zoning: Multi Family
View: Other
Waterfront Features: None

Additional

Accessibility Features: None
Assumable: no
Business Type: Residential
Buyer Office Name: C A M and Associates Realty Co.
Buyer Office Phone: 770-457-8921
Documents Available: None
Green Energy Efficient: None
Green Energy Generation: None
Loading Description: None
Mls Property Type: Commercial Sale
Mls Status: Closed
Owner Second: no
Property Condition: Resale
Special Circumstances: None

Financial

Cap Rate: 7.2
Current Price: 375000
Gross Expenses Amount: 4700
Gross Income: 33600
Net Operating Income: 28900
Operating Expense: 4700
Owner Financing: no
Owner Pays: Exterior Maintenance, Insurance, Management, Repairs, Taxes
Sale Includes: Building & Land
Special Listing Conditions: None
Tax Annual Amount: 2238
Tax Lot: 172
Tax Year: 2021

Zoning Info


Listing Provided Courtesy of Atlanta Communities

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Schedule a Showing - Listing ID 7087068

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