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.
Property Details
- Cooling
- Ceiling Fan(s), Central Air
- Heating
- Forced Air
- Cooling Features
- Ceiling Fan(s), Central Air
- Bedrooms
- 8
- Bathrooms
- 4.0
- Full Baths
- 4
- Lot Features
- Corner Lot
- Lot Description
- Corner Lot
- Acres
- 0.0
- Square Feet
- 3825.0
- Lot Size (sqft)
- 0.52
- Parking Features
- Driveway
- Parking Type
- Driveway
- Parking Garage Spaces
- 0.0
- Property Type
- Multi-Family
- Year Built
- 1955
- Foundation
- Crawl Space, Other - See Remarks
- Roof
- Architectural Shingle
- Sewer Information
- Public Sewer
- Utility Source
- City
- Appliances
- Electric Oven, Electric Range
- Elementary School
- Gastonia Central
- Middle School
- Yorkchester
- High School
- Ashley
- County
- GASTON
- Region
- Gastonia
- Original List Price
- $850,000
- Days on Market (Cumulative)
- 165
Location
Legal
Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 2026-03-20T14:42:05Z. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Provided By
Listed by Roshan Bhula (#CAR81885)
Listing Office: Bhula Realty Group (#CARR06583)
