12-Unit Apartment
For Sale
$1,439,000
350 Herndon Ln, Canton, GA 30114
Two standalone structures offer a mix of one- and two-bedroom rental units.
Property SizeContact for details
Days on Market188
Property Features for 350 Herndon Ln
General Information
Standard status
Active
Property subtype
Residential Income
Occupancy
92%
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
6 x 1BR/1BA, 6 x 2BR/2.5BA
Multifamily Units
12
Taxes and HOA fees
Annual Taxes
$9,747
Building Details
Buildings
2
Stories
2
Listing Agency:
JLA Real Estate Services
(706) 207-7372
Listed By:
Chris McDuffie
(706) 207-7372
Source:
Exprealty
Added: Feb 4
Changed: Aug 11
Last Checked: Aug 11 at 4:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLA Real Estate Services
Investment Insights
Based on property information with market context.
This apartment property comprises two standalone buildings with six units in each. The layout in each building includes three lower-level one-bedroom, one-bath units and three upper-level two-bedroom, two-and-a-half-bath units. Water is master metered, while electric service is separately metered for the units.
The property is located at 350 Herndon Lane in Canton, south of the Canton Historic District and near I-575. Historical occupancy has been 100%, with current occupancy reported at 91.6% following a recent move-out related to job relocation. Approximately 52% of households in the surrounding market are leased, with growth projected over the next five years.
Water reimbursement adjustments, usage devices, or separate unit metering are identified as potential operating enhancements. Interior inspections are permitted only during the due diligence period.
The property is located at 350 Herndon Lane in Canton, south of the Canton Historic District and near I-575. Historical occupancy has been 100%, with current occupancy reported at 91.6% following a recent move-out related to job relocation. Approximately 52% of households in the surrounding market are leased, with growth projected over the next five years.
Water reimbursement adjustments, usage devices, or separate unit metering are identified as potential operating enhancements. Interior inspections are permitted only during the due diligence period.
Key Highlights
- Two standalone buildings with six units per building
- Each building includes three 1 bed / 1 bath and three 2 bed / 2.5 bath units
- Historical occupancy of 100%; current occupancy of 91.6%
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
91.6%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
Explore this area
Business Placement
Demographics for 30114, GA
59,139
Population
22,259
Households
2.7
Avg Household Size
37
Median Age
35%
College-Educated
87%
High-School Grad
95.2 sq mi
ZIP Area
621
Density / Sq Mi
$97,684
Median Household Income
$47,257
Median Earnings
$1,654
Median Rent
$408,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two standalone structures offer a mix of one- and two-bedroom rental units.
Where is this apartment building located?
The property is located at 350 Herndon Ln Canton, GA.
What is the asking price?
The asking price for this property is $1,439,000.
What are key features of this property?
This property features: Two standalone buildings with six units per building; Each building includes three 1 bed / 1 bath and three 2 bed / 2.5 bath units; Historical occupancy of 100%; current occupancy of 91.6%
