For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search

302 S Broad St Gastonia, NC 28054

Loading data...
Loading data...
Loading data...
For Sale
$2,050,000

14 Class B apartments in high-growth Gastonia market.

Building Details

Year built
1958

Source: Anna Rohde Yuan Agent Anna Rohde Yuan

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Gastonia Multifamily Investment Opportunity

This proposed acquisition features 14 Class B apartments, including 10 two-bedroom units, 2 one-bedroom units with one bathroom, and 2 three-bedroom units with one bathroom. The property is located in the Charlotte suburb of Concord, within the high-growth, high-demand Gastonia market, which exhibits near-zero vacancy rates. The area's market dynamics strongly favor landlords, with rising household incomes, limited new supply, and accelerating population growth. The property is a short walk from downtown Gastonia and a minor league baseball park. Current in-place rents are below market value. The vacancy rate in the Gastonia market is 2.0%. Gaston County has a population growth rate of 1.3% annually. The average household income for Gaston County is $85,381, increasing 5.3% year over year. There is a limited supply of comparable apartments.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Building Supply Nail Salon Clothing Store Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Gastonia
County
Gaston
State
North Carolina
Longitude
-81.1781696
Latitude
35.2605607

FAQs

What type of property is this?
Apartment building - 14 Class B apartments in high-growth Gastonia market.
Where is this apartment building located?
The property is located at 302 S Broad St Gastonia, NC.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: - Immediate cash flow and appreciation potential in a high-growth, high-demand market.; - Near-zero vacancy market in Concord, a Charlotte suburb.; - Below-market in-place rents offer upside potential.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message