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
  • Bedrooms32
  • Full Bathrooms16
  • 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
High School Unspecified
Middle/Junior School Unspecified
New Construction False
Total Units 20

Interior Features

Fireplace Y/N False
Heating Baseboard, Forced Air
Laundry Features Main Level, In Kitchen

Exterior Features

Building Area Total 14401
Construction Materials Brick Partial
Lot Dimensions 48, 787 SQFT
Lot Size Area 1.61
Parking Features Parking Lot
Sewer Public Sewer
Water Source Public

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 $680K
$1.4M
Visits
AVG 116
116
Year Built
AVG 1951
1984
Walkscore
AVG 38
16
Data Provided by Walkscore ® not using MLS data

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