Built in 1980, Northwood Apartments is a 52-unit multifamily property located just a 4-minute drive from Downtown Canton. Canton and Cherokee County have seen strong population growth since 2000 (96% increase) making it the fastest growing county in Metro Atlanta. Along with this population explosion has come some great renter demographics, with an average HHI over $90k, 2.3% unemployment and an overall school rating of an A- from Niche.
New Class “A” apartments nearby provide ample headroom for new ownership to reposition Northwood as the high-quality value provided in Canton. With a $425 gap between Northwood’s rents and their Class “A” competitors. Current ownership has lightly renovated 5 units with resurfaced countertops, updated appliances, new cabinet fronts, and vinyl flooring, leaving the remainder of the property wide open for new ownership to implement a systematic renovation program. With 76.9% of the floor plans two- and three-bedrooms with full size washer and dryer connections, Northwood is primed to cater to the submarket’s historical demand.