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Multi-Family Residential Gastonia NC Property for Sale at 1027 Cleveland Avenue: $319,000

1027 Cleveland Avenue
Gastonia, North Carolina NC 28052-1680
$319,000 Price
Under Contract-Show Status
Est. Monthly Payment: $1,652.52 See Details
14 Bedrooms
10 Full Baths
5,837 Square Feet
0.750 Acres
3280317 Listing ID
Investor Special. Total of 10 units. 4 units are 2 bed 1 bath and 6 units are 1 bed 1 bath. At the asking price it is returning an over 15% cash return with greater than 20% ROI. There is an immediate opportunity for an investor to increase cash flow and ROI by capitalizing on the property’s below market rents. An ROI in the mid 20% is well within reach in the first year of ownership.
Schedule Showing
Status Under Contract-Show
County Gaston
Year Built 1982
Property Type Multi-Family Residential
Multi-Family Residential
Property Sub Type Apartments
{"zipcode": "28052", "price": "319000"}
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Primary Features

County: Gaston
Property Type: Multi-Family Residential
Year Built: 1982

Additional

Cumulative Days on Market: 82
Construction Status: Complete
Deed Reference: 4710
Days on Market: 82
Equipment: Electric Dryer Hookup, Electric Range/Oven, Refrigerator
Listing Service : yes
New Construction : no
Number Of Units Total: 10
Property Sub Type: Apartments
Special Listing Conditions: None

Financial Details

Tenant Pays: All except water

Interior Features

Fireplace : no
Flooring: Carpet, Tile
Heating: Electric Baseboard Heat, Window Unit
Laundry Location: None
Sewer: City Sewer
Water: City Water
Water Heater: Electric

Location Information

Elementary School: Unspecified
High School: Unspecified
Middle/Junior High School: Unspecified
Street Suffix: Avenue
Subdivision Name: Cleveland Heights
Zoning Specification: APT01

External Features

Driveway: Asphalt
Exterior Construction: Brick Veneer Full
Foundation Details: Slab
Lot Features: Corner Lot
Parking: Other, Parking Space - 1

Zoning Info


Area Info


Listing courtesy of Bottom Line Realty & Mgmt LLC
The data relating to real estate on this Web site derive in part from the Carolina Multiple Listing Services, Inc. IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Keller Williams Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2017 Carolina Multiple Listing Services, Inc. Data last updated Tuesday, August 22nd, 2017.

Contact - Listing ID 3280317

Wendy Richards, Realtor

3430 Toringdon Way, #101
Charlotte, NC 28277
Phone: 7046046115
Phone Alt: 7046046115

Data services provided by IDX Broker
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Keller Williams Realty

(704) 604-6115

Each Office Independently Owned and Operated


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