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Off Market
1/17

102 W 2nd Ave
Gastonia, NC 28052


OVERVIEW

Armstrong Apartments were originally constructed as teacher housing in 1920 by Colonel Armstrong a prominent figure in the community who also served as Mayor. The property was purchased in 2012 after years of vacancy. A full gut rehab was completed in 2013 by Rehab Builders of Winston Salem who specialize in historical adaptive reuse projects. Architectural work was completed by Eddie Belk of Belk Architecture of Durham who worked on Brightleaf Square and the American Tobacco Co. mill projects in Durham among other historical adaptive reuse work. The property is comprised of 18-units; Six (6) 1BR units, Three (3) 2BR units, and Nine (9) 2BR two-floor townhomes with private second floor balconies. The property is listed on the National Register of Historical Places.

FOR SALE DETAILS

PRICE

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# OF UNITS

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CAP RATE

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% LEASED

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BUILDING DETAILS

PROPERTY NAME

Armstrong Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

26193

STORIES

3

YEAR BUILT

1920

PARKING SPACES

31

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

221149