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$1,199,500

For Sale - Active
58 Canton St Unit 410, Alpharetta, GA 30009
3 Beds
3 Baths
1,975 Square Feet
0.00 Acres Lot
Built in 2016
For Sale - Active
1 Units
Checked: 9 hours ago
Updated: Jun 08, 2025 at 03:32AM

Investment Summary


Monthly Cash Flow
-$5,739
Cap Rate
0.5%
Cash-on-Cash Return
-25.0%
Debt Coverage Ratio
0.09
Internal Rate of Return (5 years)
-20.1%

Property Description


0.00 Acres Lot
Built in 2016
For Sale - Active
1 Units

Experience elevated living in the heart of downtown Alpharetta with this stunning, upgraded penthouse condominium just step from the city's top restaurants, boutiques, and entertainment. This beautifully appointed home features immaculate hardwood floors, plantation shutters, and upgraded luxury lighting throughout. The gourmet kitchen is a chef's dream, boasting a large island, custom cabinetry, Taj Mahal quartzite countertops, and high-end finishes. The oversized primary suite offers a serene retreat with space for a home office, a spa-like bath with designer touches, and a custom walk-in closet. A light-filled guest bedroom includes an ensuite bath, while a third bedroom--currently used an office--also pairs with a full bath, making it perfect for guests or flexible living. Enjoy the outdoors year-round from your private, covered terrace with cozy outdoor fireplace. Additional highlights include a large, dedicated storage unit and access to the building's upscale amenities, including a clubhouse, grilling station, and outdoor dining area. Residents enjoy a secure, low-maintenance lifestyle in one of Alpharetta's most desirable locations. This is more than a home--it's a lifestyle.

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Location


Property Details


Parking

  • Description: Assigned, Covered, Deeded
  • Details: Garage
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 1
  • Basement Description: None
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Rock, Stone
  • Foundation: None
  • Roof Material: Concrete

HOA

  • Has HOA: Yes
  • HOA Fee: $777/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 22482312691185
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: Mid-Rise (up to 5 stories)
  • Year Built: 2016

Tax Information

  • Annual Tax: $10,662

Utilities

  • Water & Sewer: Public
  • Heating: Electric, Heat Pump
  • Cooling: Central Air

Location

  • County: Fulton

Listing Details


Listed by:
LAURA PETERS
Atlanta Fine Homes Sotheby's International
(404) 229-9292

Source:
First Multiple Listing Service (FMLS)
MLS#: 7580279
First Multiple Listing Service (FMLS)

Investment Summary


Monthly Cash Flow
-$5,739
Cap Rate
0.5%
Cash-on-Cash Return
-25.0%
Debt Coverage Ratio
0.09
Internal Rate of Return (5 years)
-20.1%

Purchase Details

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Purchase price:
$1,199,500
Amount financed:
-$959,600
Down payment:
$239,900
Closing costs:
$35,985
Rehab costs:
$0
Initial cash invested:
$275,885
Square feet:
1,975
Cost per square foot:
$607
Monthly rent per square foot:
$1.62

Financing Details

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Loan amount:
$959,600
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$6,281
Property tax:
$889
Insurance:
$224
Private mortgage insurance (PMI):
$0
Monthly payment:
$7,394

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,200 $38,400
Vacancy loss: (6%)
6% -$192 -$2,304
Operating income:
$3,008 $36,096

Operating Expenses


% Rent Monthly Yearly
Property taxes: (28%)
28%-$889-$10,662
Insurance: (7%)
7%-$224-$2,688
Property management: (8%)
8%-$256-$3,072
Repairs & maintenance: (5%)
5%-$160-$1,920
Capital expenditures: (5%)
5%-$160-$1,920
HOA fees: (24%)
24%-$777-$9,324
Total operating expenses: (77%)
77%-$2,466-$29,586

Cash Flow


Monthly Yearly
Net operating income:
$542 $6,504
Mortgage payments:
-$6,281 -$75,372
Cash flow:
$5,739 $68,868