302 S Broad St Gastonia, NC 28054
14-unit apartment complex in high-growth Gastonia market.
Building Details
- Year built
- 1958
Source:
Tcnworldwide
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 located in the Charlotte suburb of Concord. The unit mix includes 10 two-bedroom units, 2 one-bedroom units with one bathroom, and 2 three-bedroom units with one bathroom. The property is positioned to deliver immediate cash flow and appreciation, benefiting from market dynamics that favor landlords, including near-zero vacancies, rising household incomes, limited new supply, and accelerating population growth. The property is located a short walk from downtown Gastonia and a minor league baseball park. Current in-place rents are below market value. The vacancy rate for the Gastonia market is 2.0%, and Gaston County experiences a population growth 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 similar apartments in the area.
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-unit apartment complex 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 the Charlotte suburb of Concord.; - Below-market in-place rents offer opportunity for increased revenue.
