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234 Marietta Hwy
Canton, GA 30114

$7,500,000 USD

Apartments For Sale  •  42,376 SF

Property Details

  • Property Type Apartments
  • Total Building Size 42,376 SF
  • Lot Size 4.89 AC
  • Building Class C
  • Year Built 1980
  • Zoning R40, County
0 Transit Score
59 Walk Score

Highlights

Surging Population Growth: Cherokee's population growth outpaced other North Atlanta counties, increasing nearly 96%
Proven Value-Add: 66% classic units with $132 proven premiums
Ideal Suburban Location: Located less than five minutes from Historic Downtown Canton and I-575
Opportunity to Push Rents to Market: Competitors’ rents outpace subject’s average in-place rent by $325
Recent Lease Trend: Latest leases renting 9.5% over average in-place rent
Ability to get 70% LTV on new Agency debt with sub-5.6% interest rate and partial term i/o

Amenities

  • Dishwasher
  • Laundry Facilities
  • Picnic Area
  • Property Manager on Site
  • Washer/Dryer Hookup
  • Refrigerator
  • Oven

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 150
Type: Surface
Included in Rent: Yes
Ian Shaw 404-654-2347 Berkadia Real Estate Advisors
Ian Shaw 404-654-2347 Berkadia Real Estate Advisors