$526,000
$530,000
0.8%For more information regarding the value of a property, please contact us for a free consultation.
18 Beds
9 Baths
6,500 SqFt
SOLD DATE : 07/25/2019
Key Details
Sold Price $526,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,500 sqft
Price per Sqft $80
MLS Listing ID 3480542
Sold Date 07/25/19
Bedrooms 18
Full Baths 9
Year Built 1980
Lot Size 0.750 Acres
Acres 0.75
Property Description
EXCELLENT INVESTMENT OPPORTUNITY!!!! 9 well kept units in the heart of Gastonia- one of the fastest growing submarkets around Charlotte! Maintains almost 100% occupancy all year long and has good stable rents with room to increase as well. If you know anything about this market, 2/1's will rent for 750 all day long so take advantage of this deal and and make it a better one before somebody else does! Value add project! :) Market rents are now $700-750 a 2 bedroom.
Here is the short list of what was done before it was purchased January 2018.
New fiberglass bath tubs
Lots of new plumbing
All new plumbing valves
Through the wall heat pumps
Solid wood cabinets
Lots of Sheetrock repair
New flooring
Paint
Wired for smoke detectors in all bedrooms
Gutters
Exterior doors
Exterior paint
New sidewalks
Landscaping
Windows
Countertops
New Receptacles / covers
New switches / covers
Siding on rankin
Dumpster = $185
Water = $90
Sewer = $120
Location
State NC
County Gaston
Interior
Heating None
Flooring Wood
Fireplace false
Appliance Cable Prewire, Ceiling Fan(s)
Exterior
Parking Type Parking Space - 4+
Building
Lot Description Corner Lot, Paved
Building Description Brick, Apartments
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
Elementary Schools Unspecified
Middle Schools Unspecified
High Schools Unspecified
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with Curtis Waters • Real Estate Realty LLC
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