595 Betty St, Gastonia, NC 28054
- Commercial real estate
- 5,712 SF
- 0.62 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 595 Betty St
- Year built
- 1979
- Lot size
- 0.62 lot acres
- Property type
- Commercial real estate
- APN
- 112622
Description
This exceptional investment opportunity presents a stabilized, nine-unit apartment building located at 595 Betty St, Gastonia, NC 28054. The property boasts a desirable 6.37% cap rate and comprises two one-story buildings situated on a 0.62-acre lot. Built in 1979 and extensively renovated in 2024, the complex features a mix of unit sizes: four two-bedroom/one-bathroom units and five one-bedroom/one-bathroom units. Seven units have undergone complete renovations, presenting a turnkey investment with immediate income potential. Exterior improvements include a new roof (2022), new windows throughout, and fresh paint, enhancing curb appeal and property value. The property's convenient location offers easy access to downtown Gastonia, the FUSE District, and US-74, providing proximity to retail and various amenities. A proven value-add plan is in place to renovate the remaining two units, further increasing rental income and overall property value. The total square footage is 5,712, and the asking price is $1,300,000. This property offers significant organic rent growth potential and represents a strong investment in a rapidly growing submarket of Charlotte. The property's APN is 112622.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Gastonia
- County
- Gaston
- State
- North Carolina
- Longitude
- -81.177521351786
- Latitude
- 35.247304460359
