595 Betty St
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595 Betty St
9 Unit Apartment Building $1,250,000 ($138,889/Unit) 6.62% Cap Rate Gastonia, NC 28054
Executive Summary
This turnkey 9-unit garden-style apartment complex presents an exceptional investment opportunity just 5 minutes from Downtown Gastonia and FUSE District. The property includes four 2/1 units and five 1/1 units, with 7 units fully renovated. Exterior upgrades include: fresh paint for increased curb appeal, a new roof installed in 2022, and brand-new windows throughout. Located in a convenient area with retail nearby and easy access to downtown amenities – this property offers immediate income and long-term value.
Property Facts
| Price | $1,250,000 | Apartment Style | Garden |
| Price Per Unit | $138,889 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.61 AC |
| Cap Rate | 6.62% | Building Size | 5,712 SF |
| No. Units | 9 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1979/2024 |
| Property Subtype | Apartment | Parking Ratio | 1.58/1,000 SF |
| Price | $1,250,000 |
| Price Per Unit | $138,889 |
| Sale Type | Investment |
| Cap Rate | 6.62% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.61 AC |
| Building Size | 5,712 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1979/2024 |
| Parking Ratio | 1.58/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
| 1+1 | 5 | - | - |
PROPERTY TAXES
| Parcel Number | 112622 | Improvements Assessment | $579,390 |
| Land Assessment | $0 | Total Assessment | $579,390 |
PROPERTY TAXES
Parcel Number
112622
Land Assessment
$0
Improvements Assessment
$579,390
Total Assessment
$579,390
zoning
| Zoning Code | APT01 |
| APT01 |
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595 Betty St
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