8 Unit Triplex & SFH rental portfolio
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8 Unit Triplex & SFH rental portfolio
4 Properties Offered at $1,117,000 in Gastonia, NC
Investment Highlights
- 100% occupied
- Many long-term tenants
Executive Summary
Portfolio of one triplex (706 Rankin Ave Gastonia parcel ID 103666, 1 bedroom/1 bathroom per unit), one triplex (390 N King St Gastonia parcel ID 103569, 2 bedroom/1 bath per unit), one 2 bedroom 1 bath home (1100 S Miller St Gastonia parcel ID 112084), one 3 bedroom 2 bath home (803 Evening Shade Ln Gastonia parcel ID 137500). All in City of Gastonia. All rented with no known deferred maintenance. Opportunity to increase rents for improved returns. Many rented to Section 8 tenants on month-to-month leases. DO NOT DISTURB tenants. No showings until under contract.
Tenants pay for all utilities except for water/sewer 706 Rankin ($1070 total in 2024) and 390 N King ($2042 total in 2024). 706 Rankin A has gas furnace & electric water heater, B has electric heat & electric water heater, C has gas heat & gas hot water. 390 N King all has gas furnaces & gas water heater, gas range, window units for cooling (owned by tenants). 1100 Miller has electric water heater, central gas pack for heating/cooling. 803 Evening Shade is full electric heating/cooling, electric range, electric hot water.
Tenants pay for all utilities except for water/sewer 706 Rankin ($1070 total in 2024) and 390 N King ($2042 total in 2024). 706 Rankin A has gas furnace & electric water heater, B has electric heat & electric water heater, C has gas heat & gas hot water. 390 N King all has gas furnaces & gas water heater, gas range, window units for cooling (owned by tenants). 1100 Miller has electric water heater, central gas pack for heating/cooling. 803 Evening Shade is full electric heating/cooling, electric range, electric hot water.
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Property Facts
| Price | $1,117,000 | Number of Properties | 4 |
| Price / SF | $267.99 / SF | Individually For Sale | 0 |
| Cap Rate | 8.36% | Total Building Size | 4,168 SF |
| Sale Type | Investment | Total Land Area | 0.52 AC |
| Status | Active |
| Price | $1,117,000 |
| Price / SF | $267.99 / SF |
| Cap Rate | 8.36% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 4,168 SF |
| Total Land Area | 0.52 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 803 Evening Shade Ln, Gastonia, NC 28052 | Multifamily | 1,064 SF | 2003 | - |
| 1100 Miller St, Gastonia, NC 28052 | Multifamily | 900 SF | 1992 | - |
| 390 N King St, Gastonia, NC 28052 | Multifamily | 2,204 SF | 1987 | - |
| 706 Rankin Ave, Gastonia, NC 28052 | Land | - | - | - |
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8 Unit Triplex & SFH rental portfolio
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