8 Unit Triplex & SFH rental portfolio
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
8 Unit Triplex & SFH rental portfolio
4 Properties Offered at £891,031 in Gastonia, NC
Investment Highlights
- 100% occupied
- Many long-term tenants
Executive Summary
Portfolio of one triplex (706 Rankin Ave Gastonia parcel ID 103666, 1 bedroom/1 bathroom per unit), one triplex (390 N King St Gastonia parcel ID 103569, 2 bedroom/1 bath per unit), one 2 bedroom 1 bath home (1100 S Miller St Gastonia parcel ID 112084), one 3 bedroom 2 bath home (803 Evening Shade Ln Gastonia parcel ID 137500). All in City of Gastonia. All rented with no known deferred maintenance. Opportunity to increase rents for improved returns. Many rented to Section 8 tenants on month-to-month leases. DO NOT DISTURB tenants. No showings until under contract.
Tenants pay for all utilities except for water/sewer 706 Rankin ($1070 total in 2024) and 390 N King ($2042 total in 2024). 706 Rankin A has gas furnace & electric water heater, B has electric heat & electric water heater, C has gas heat & gas hot water. 390 N King all has gas furnaces & gas water heater, gas range, window units for cooling (owned by tenants). 1100 Miller has electric water heater, central gas pack for heating/cooling. 803 Evening Shade is full electric heating/cooling, electric range, electric hot water.
Tenants pay for all utilities except for water/sewer 706 Rankin ($1070 total in 2024) and 390 N King ($2042 total in 2024). 706 Rankin A has gas furnace & electric water heater, B has electric heat & electric water heater, C has gas heat & gas hot water. 390 N King all has gas furnaces & gas water heater, gas range, window units for cooling (owned by tenants). 1100 Miller has electric water heater, central gas pack for heating/cooling. 803 Evening Shade is full electric heating/cooling, electric range, electric hot water.
Data Room Click Here to Access
Property Facts
| Price | £891,031 | Number of Properties | 4 |
| Price / SF | £213.78 / SF | Individually For Sale | 0 |
| Net Initial Yield | 8.36% | Total Building Size | 4,168 SF |
| Sale Type | Investment | Total Land Area | 0.52 AC |
| Status | Active |
| Price | £891,031 |
| Price / SF | £213.78 / SF |
| Net Initial Yield | 8.36% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 4,168 SF |
| Total Land Area | 0.52 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 706 Rankin Ave, Gastonia, NC 28052 | Land | - | - | - |
| 390 N King St, Gastonia, NC 28052 | Residential | 2,204 SF | 1987 | - |
| 1100 Miller St, Gastonia, NC 28052 | Residential | 900 SF | 1992 | - |
| 803 Evening Shade Ln, Gastonia, NC 28052 | Residential | 1,064 SF | 2003 | - |
1 of 1
1 of 5
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Real Estate Realty LLC
8 Unit Triplex & SFH rental portfolio
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.