x
Address
845 & 881 Glenn Street Gastonia, NC
Price
$ 1,400,000
Property Attributes
  • ML#3576925
  • TypeMulti-Family
  • CountyGASTON
  • CityGastonia
  • AreaGaston County
  • NeighborhoodJenkins Heights
  • Zip28052
  • Style
  • Price$ 1,400,000
  • Bedrooms40
  • Full Bathrooms20
  • Half Bathrooms0
  • Sqr Footage14401
  • Lot Size1.61 Acres
Listing Provided Courtesy Of:
Real Estate Realty LLC
Property Description

8 CAP (estimate) CASH FLOWING 100% Occupancy Turnkey Apartments: Corner lot, ALL UPDATED = Bathrooms, flooring, new paint, appliances, etc. Tenants on annual leases upon move-in. 2 Dumpsters onsite, storage room, mail station, guest parking area. *** ESTIMATES (DO YOUR RESEARCH TO VERIFY #'S) Gross Income=14,000/mo about 168,000/year Utilities=16,000 (Water, sewer, parking lights) Taxes=7,400 ($4,903 (845 Buildings/Acres: 1.12 = 2,704sqft) + $2,299 (881 Buildings/Acres: 0.49 = 1,578sqft) = 7,202) Ins=5,000 Main=20,000 NOI = 119,600/ 1.4 M = 8% CAP estimation *** VERIFY MEASUREMENTS WHILE PROFESSIONAL MEASUREMENTS PENDING *** 2 Parcel ID's = 137509 & 137508 Leases = 7 out of 20 are on MTM currently from their annual lease expiring (1 corp unit currently for showings till 2-15-20 Move-In & 6 pending renewals w/ rental increase requests. Other 13 are on Annual leases.

Elementary School Middle School High School
Unspecified Elementary School Unspecified Middle School Unspecified High School
Price History
12/20/2019 Listed $1,400,000

General Features

Elementary School Unspecified
Flooring Carpet, Vinyl/Linoleum
High School Unspecified
Middle/Junior School Unspecified
Parking Lot
Pets Allowed Y/N Conditional
Property Features Porch/Patio, Range/Oven, Refrigerator, W/D Connection
Property Sub Type Apartments
Property Type Multi-Family
Status Active
Subdivision Name Jenkins Heights

Interior Features

Beds Total 40
Doors Windows Insulated Windows
Equipment Ceiling Fan(s), CO Detector, g-Dual Flush Toilets, Electric Dryer Hookup, Electric Range/Oven, Exhaust Fan, Gas Range/Oven, Refrigerator
Full Baths 20
Heating Electric Baseboard Heat, Gas Hot Air/Furnace
Laundry Location Main, Kitchen
Water Heater Electric, Gas

Exterior Features

Community Features Street Lights
Driveway Concrete
Exterior Construction Brick Partial
Exterior Features Lawn Maintenance
Foundation Crawl Space, Slab
Lot Description Corner Lot
Lot Size Area 1.610
Porch Front
Sewer City Sewer
Water City Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 28052

Price
AVG $960K
$1.4M
Visits
AVG 84
61
Year Built
AVG 1962
1984
Walkscore
AVG 42
16
Data Provided by Walkscore ® not using MLS data

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