Exceptional 5-unit multifamily investment opportunity with value-add and organic rent growth potential. The property consists of 4 1-BR units and 1 3-BR unit. All units were recently updated, the property is fully occupied, and rents are generally below market rates, positioning the property well for organic rent increases. Rare opportunity to purchase a well-maintained property in close proximity to rapidly expanding FUSE District and Downtown Gastonia, one of the fastest growing cities in North Carolina and a major part of one of the fastest growing metropolitan areas in the nation (Charlotte MSA).
| MLS # | 4334256 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 229 |
| Listing Provided By | Greysteel North Carolina LLC | Ari Firoozabadi |
| Bed(s) | 7 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 3,830 |
| Story(s) | 2 |
| Units | 5 |
| Acreage | 0.20 |
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Appliances | Electric Oven, Electric Range, Electric Water Heater, Refrigerator with Ice Maker |
| Construction Materials | Vinyl |
|---|---|
| Foundation Details | Crawl Space |
| Garage Yes / No | No |
|---|---|
| Parking Features | Driveway |
| Property | 348710 |
|---|
| State | NC |
|---|---|
| County | Gaston |
| City | Gastonia |
| Zip Code | 28052 |
| Area | Gaston |
| School District | Hunter Huss |
| Elementary School | Pleasant Ridge |
| High School | Hunter Huss |
| Listing VS Median (in 28052) | |
Price: $525,000 low | high Med: $279,990 sqft: 3,830 low | high Med: 1,704 $ / sqft: $137 low | high Med: $165 On site: 229 low | high Med: 109 | |
| State | NC |
|---|---|
| County | Gaston |
| City | Gastonia |
| Zip Code | 28052 |
| Area | Gaston |
| School District | Hunter Huss |
| Elementary School | Pleasant Ridge |
| High School | Hunter Huss |
| Listing VS Median (in 28052) | |
Price: $525,000 low | high Med: $279,990 sqft: 3,830 low | high Med: 1,704 $ / sqft: $137 low | high Med: $165 On site: 229 low | high Med: 109 | |