405 W Harvie Avenue Unit #A&B, Gastonia, NC 28052
- $775,000
- 8
- BD
- 3,825
- SqFt
Listing courtesy of Bhula Realty Group. roshan@bhulagroup.com
- List Price
- $775,000
- MLS#
- 4358155
- Status
- ACTIVE
- Days on Market
- 131
- Property Type
- Residential Income
- Distressed Property
- Yes
- Year Built
- 1955
- Price Change
- ▼ $75,000 1780335999
- Bedrooms
- 8
- Full Baths
- 4
- Lot Size
- 22,651
- Lot Size Area
- 0.52
- Living Area
- 3,825
- Sq Ft Total
- 3825
- County
- Gaston
- Subdivision
- No Neighborhood
- Special Conditions
- Subject to Lease, None
Property Description
Fully occupied 4-unit investment property generating approximately $60,000+ in annual gross income. The property consists of four units, all currently leased and providing immediate in-place cash flow. Recent capital improvements include a new roof, kitchen upgrades, and select unit renovations, reducing near-term capital expenditure needs. The most recently renovated unit is currently leased at $1,375, achieved during a softer leasing period, indicating potential for future rent growth as market conditions improve. Strong rental demand in the area supports continued occupancy, with additional upside through rental optimization and improved operational efficiency. Ideal for investors seeking a stabilized asset with the ability to enhance returns over time.
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Additional Information
- Equipment
- Electric Oven, Electric Range
- Foundation
- Crawl Space, Other - See Remarks
- Laundry Location
- Electric Dryer Hookup, Washer Hookup
- Heating
- Forced Air
- Water
- City
- Sewer
- Public Sewer
- Exterior Construction
- Brick Full
- Roof
- Architectural Shingle
- Parking
- Driveway
- Driveway
- Concrete
- Lot Description
- Corner Lot
- Elementary School
- Gastonia Central
- Middle School
- Yorkchester
- High School
- Ashley
- Total Property HLA
- 3825
Mortgage Calculator
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