Fully occupied 4-unit investment property generating approximately $60,000+ in annual gross income. The property consists of four units, all currently leased and providing immediate in-place cash flow. Recent capital improvements include a new roof, kitchen upgrades, and select unit renovations, reducing near-term capital expenditure needs. The most recently renovated unit is currently leased at $1,375, achieved during a softer leasing period, indicating potential for future rent growth as market conditions improve. Strong rental demand in the area supports continued occupancy, with additional upside through rental optimization and improved operational efficiency. Ideal for investors seeking a stabilized asset with the ability to enhance returns over time.
| MLS # | 4358155 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1955 |
| Days On Site | 178 |
| Listing Provided By | Bhula Realty Group | Roshan Bhula |
| Bed(s) | 8 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 3,825 |
| Story(s) | 1 |
| Units | 4 |
| Acreage | 0.52 |
| Cooling | Ceiling Fan(s), Central Air |
|---|---|
| Heating | Forced Air |
| Appliances | Electric Oven, Electric Range |
| Roof | Architectural Shingle |
|---|---|
| Construction Materials | Brick Full |
| Foundation Details | Crawl Space, Other - See Remarks |
| Lot Features | Corner Lot |
| Garage Yes / No | No |
|---|---|
| Parking Features | Driveway |
| List Aor | Canopy Realtor Association |
|---|
| Property | 311720 |
|---|
| State | NC |
|---|---|
| County | Gaston |
| City | Gastonia |
| Zip Code | 28052 |
| Area | Gaston |
| School District | Ashley |
| Elementary School | Gastonia Central |
| High School | Ashley |
| Listing VS Median (in 28052) | |
Price: $775,000 low | high Med: $277,990 sqft: 3,825 low | high Med: 1,589 $ / sqft: $203 low | high Med: $175 On site: 178 low | high Med: 46 | |
| State | NC |
|---|---|
| County | Gaston |
| City | Gastonia |
| Zip Code | 28052 |
| Area | Gaston |
| School District | Ashley |
| Elementary School | Gastonia Central |
| High School | Ashley |
| Listing VS Median (in 28052) | |
Price: $775,000 low | high Med: $277,990 sqft: 3,825 low | high Med: 1,589 $ / sqft: $203 low | high Med: $175 On site: 178 low | high Med: 46 | |