1015 E Airline Ave - Apartments FOR SALE


Gastonia, NC 28054
$1,350,000 USD
704-616-0872
1015 E Airline Ave, Gastonia, NC for Sale
$1,350,000 USD
Apartments - FOR SALE
1/8
null | 6.93% Cap Rate

1015 E Airline Ave
Gastonia, NC 28054


OVERVIEW

Public Remarks Nice garden style 11 unit apartment complex includes 2 buildings with new roofs installed in 2024, Exterior brick for low maintenance. 10 units are 2 bedrooms 1 bath, 1 unit is 1 bedroom 1 bath. Several units recently updated. 5 minutes from downtown, I-85, business & retail district. Convenient location. This property offers great income and a wonderful long term investment. Please do not disturb tenants. Leases are month to month. These apartments can be purchased in a package deal with 2 houses - 1019 E. Airline & 1021 E. Airline for $1,625,000. 1019 rents for 1100 a month and 1021 rents for $995 a month

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$171 USD /SF

# OF UNITS

11

PRICE/UNIT

$122,727

CAP RATE

6.93%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

RMF

APN/PARCEL ID

104693

ASK ABOUT THIS PROPERTY

Carla HowellColdwell Banker Carver-Pressley RealtorsMore Info
704-616-0872

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

Carla HowellColdwell Banker Carver-Pressley RealtorsMore Info
704-616-0872

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