Public Remarks
Fantastic Investment Opportunity – Stabilized 11-Unit Apartment Building with Development Potential Whether you're expanding your rental portfolio or just getting started, this stabilized 11-unit apartment building offers strong potential. Located at 1903 E Ozark Ave (apartment address: 1909 E Ozark Ave), the property features ten 1-bedroom/1-bath units and one 2-bed/1-bath unit (Unit 3). Significant renovations were completed in 2022, including: Electrical upgrades, new heating units, interior updates (fresh paint, new flooring, and cabinetry). Exterior improvements (new board & batten siding, fascia, soffits, gutters, doors, and downspouts). Units 6, 8, and 9 have been fully remodeled. Additionally, the site includes three more addresses on the parcel —1903, 1905, and 1907 E Ozark Ave. According to the City of Gastonia Planning Department, these parcels are suitable for future multifamily or mixed-use development, offering added value and long-term growth potential.
DO NOT DISTURB TENANTS. No showings until due diligence period. See attachments for rent roll, proforma financials, and City of Gastonia UDO March 2025. Buyer and buyer's agent to verify any expansion with the City of Gastonia Planning department.