302 S Broad St Gastonia, NC 28054
14 Class B apartments in high-growth Gastonia market.
Building Details
- Year built
- 1958
Source:
Bullrealty
Listing 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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Gastonia
- County
- Gaston
- State
- North Carolina
- Longitude
- -81.1781696
- Latitude
- 35.2605607
Nearby Similar for Sale
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.