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550 Waleska Rd 5 Unit Apartment Building $799,000 ($159,800/Unit) 7.63% Cap Rate Canton, GA 30114
INVESTMENT HIGHLIGHTS
- Investment opportunity
EXECUTIVE SUMMARY
NO OWNER FINANCING Great Investment Opportunity – Tenant in Place! Don’t miss this investment opportunity in the heart of Canton, GA! This 5-plex (all 2-bedroom 1-bathroom) is already tenant-occupied, providing immediate rental income for investors. Convenient location near shopping, dining, and major highways, and strong rental market in Canton for consistent cash flow. Whether you’re a seasoned investor or just starting, this income-producing property is a fantastic addition to your portfolio.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $799,000 | Apartment Style | Low-Rise |
| Price Per Unit | $159,800 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 7.63% | Building Size | 5,714 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1952 |
| Zoning | GC - General Commercial | ||
| Price | $799,000 |
| Price Per Unit | $159,800 |
| Sale Type | Investment |
| Cap Rate | 7.63% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 5,714 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1952 |
| Zoning | GC - General Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 5 | $1,300 | - |
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PROPERTY TAXES
| Parcel Number | 091N04-00000-007-000-0000 | Total Assessment | $117,560 (2025) |
| Land Assessment | $35,520 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $82,040 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
091N04-00000-007-000-0000
Land Assessment
$35,520 (2025)
Improvements Assessment
$82,040 (2025)
Total Assessment
$117,560 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Presented by
Garrison Investment Properties Inc.
550 Waleska Rd
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