Description
Incredible opportunity to own 4 single family rental properties on one street! Located between Northside Cherokee Hospital and downtown Canton for work/play convenience. THIS home has income producing lease on yearly lease. Renters have been there long term with no plans to move out. Check out FMLS for 120 Reed St. (FMLS 7063658) which is is exactly like this listing, also with lease in place (each @ $950/mos). 110 Reed St home is 65% renovated with double SF. It is a 2 story home with NEW: Electrical, Plumbing, HVAC, Roof and more completed. Needs sheetrock, flooring and lighting to be installed; appliances, vanities, flooring and more are included in property. 4th home needs total re-hab. This is a GREAT assemblage potential with additional lot next to one of the homes available for sale by different owner! Total of 4 lots available for sale on this street for the savvy investor. Total acreage for 4 properties is approximately 1.13 acres. Current zoning is RA, Resisdential Attached, and currently grandfathered in as detached homes. Cherokee zoning has it slated for work/play environment. Properties are currently outside city limits and on septic. City sewer is across the street from one of the unlisted homes, but property must be annexed into the city to be eligible for sewer. Great opportunity for larger assemblage for future commercial/higher density useage. 2 lots on Hwy 20 and 2 additional lots on street for sale by different agent. 4 other homes on street currently not for sale. This makes up the entire street. Therefore, 8 lots of 12 are for sale.
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2BEDS
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0.27ACRES
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1BATHS
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01/2 BATHS
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861SQFT
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$218$/SQFT
School Information
Description
Incredible opportunity to own 4 single family rental properties on one street! Located between Northside Cherokee Hospital and downtown Canton for work/play convenience. THIS home has income producing lease on yearly lease. Renters have been there long term with no plans to move out. Check out FMLS for 120 Reed St. (FMLS 7063658) which is is exactly like this listing, also with lease in place (each @ $950/mos). 110 Reed St home is 65% renovated with double SF. It is a 2 story home with NEW: Electrical, Plumbing, HVAC, Roof and more completed. Needs sheetrock, flooring and lighting to be installed; appliances, vanities, flooring and more are included in property. 4th home needs total re-hab. This is a GREAT assemblage potential with additional lot next to one of the homes available for sale by different owner! Total of 4 lots available for sale on this street for the savvy investor. Total acreage for 4 properties is approximately 1.13 acres. Current zoning is RA, Resisdential Attached, and currently grandfathered in as detached homes. Cherokee zoning has it slated for work/play environment. Properties are currently outside city limits and on septic. City sewer is across the street from one of the unlisted homes, but property must be annexed into the city to be eligible for sewer. Great opportunity for larger assemblage for future commercial/higher density useage. 2 lots on Hwy 20 and 2 additional lots on street for sale by different agent. 4 other homes on street currently not for sale. This makes up the entire street. Therefore, 8 lots of 12 are for sale.
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