907 W 5th Ave - Apartments FOR SALE


Gastonia, NC 28052- Downtown Gastonia
$625,000 USD
704-274-1830
907 W 5th Ave, Gastonia, NC for Sale
$625,000 USD
Apartments - FOR SALE
1/10
null | 7% Cap Rate

907 W 5th Ave
Gastonia, NC 28052
Downtown Gastonia


HIGHLIGHTS

  • Exceptional multifamily investment opportunity with value-add and organic rent growth potential.
  • All units were recently renovated, and rents are generally below market, positioning the property well for organic rent increases.
  • Rare opportunity to purchase a well-maintained property in a rapidly expanding area, as Gastonia is one of the fastest growing cities in North Carol

OVERVIEW

Exceptional 5-unit multifamily investment opportunity with value-add and organic rent growth potential. • Strategically located near I-85 and in close proximity to FUSE District and downtown Gastonia, providing employment and lifestyle abundance within walking or short driving distance. • All units were recently renovated, and rents are generally below market, positioning the property well for organic rent increases. • Rare opportunity to purchase a well-maintained property in a rapidly expanding area, right around the corner from Gibson Mill and 1 mi from Concord’s charming and revitalizing downtown. Concord is 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).

FOR SALE DETAILS

PRICE

$625,000 USD

PRICE/SF

$169 USD /SF

# OF UNITS

5

PRICE/UNIT

$125,000

CAP RATE

7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

West 5th Ave Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

RS-8

APN/PARCEL ID

107766

ASK ABOUT THIS PROPERTY

Hayden DavisGreysteelMore Info
704-274-1830

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Hayden DavisGreysteelMore Info
704-274-1830

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.