Oak Hill Square is an exceptionally well-maintained apartment community located in a strong rental market. With value pricing and below-market rents it offers an investor great upside potential with an opportunity to steadily increase returns over time.
The 48-unit Oakmont Apartments are located in Reidsville, North Carolina, an All-America City with a rich historical heritage that provides its residents with a down-home country environment and close proximity to major job centers in Greensboro High Point Winston Salem (the Triad ) and Raleigh Durham - Chapel Hill (the Triangle ). Built in 3 phases, 1992, 1994 & 1997, Oakmont offers 48 spacious 2-bedroom, 1 1/2 bath units nestled in a quiet, well-established wooded residential area. Oak Hill Square is a 34-unit townhome and garden community in Gastonia, North Carolina, one of North Carolina' s outstanding apartment investment markets. The property was built in 1991 and offers 24 well-appointed 2-bedroom, 1 1/2 bath townhomes and 10 one-bedroom, 1 bath garden apartments.
Sperry Van Ness is pleased to exclusively present Oliver Court Apartments. Oliver Court Apartments consists of 48 rentable units that includes one bedroom garden-style apartments and two- bedroom townhomes. Given its late 1980s vintage construction, Oliver Courts per unit pricing is well below replacement cost, and is in need of no immediate repairs.Roofs, siding and windows were replaced as part of a property improvement plan between 2010 & 2012.PLEASE DO NOT VISIT THE PROPERTY WITHOUT AN APPOINTMENT.TOURS BY APPOINTMENT ONLY.
7 apartments - (2) 1 BR 1 bath & (5) 2 BR 1 bath. New roof. HAPP approved. One vacancy. Low maintenance. Rent from $375 to $425 per month.
18 Unit Apartment Complex For Sale 1028, 1030, 1032 & 1050 New Beginnings Ave Gastonia, NC 28052 2 bedrooms 1 bath each 4 buildings with a laundry room and storage Income:: $90,540 yearly rents = $7545 monthly rents Expenses: $50,758 Yearly Expenses ( I will break it down for you below) $39,782 yearly cash flow divided by $595,000 sales price is a 6.68% CAP RATE after expenses and 15.21% before expenses Projected Income If raised to an average rent of $550 per unit where they should be would gain you: Income $118,800 year = 9,900 monthly Expenses would still be $50,758 $68,042 yearly cash flow divided by $595,000 sales price is a 11.44% CAP RATE after expenses and 19.97% before expenses Yearly Expenses breakdown: $18,108 will give you a 20% vacancy rate $1440 exter
9 houses for sale $350,000 for 9 houses = $38,888.89 Average price per house in a package deal 7 @ 2 bedroom 1 bath 1 @ 3 bedroom 1 bath 1 @ 4 bedroom 2 bath All the houses were renovated in 2007 with new roofs, New windows, new central heat and air, new flooring, New doors, new cabinets and new hot water tanks. All of them have washer/dryer connections ( some have ungraded plumbing and electric Income: $61,680 Yearly Rents = $5140 Monthly Expenses: $26,817 Total yearly Expenses ( I will break it down for you below) $34,863 yearly cash flow divided by $350,000 sales price is a 9.96% CAP RATE after expenses and 17.62% before expenses Yearly Expenses breakdown: $5400 average Insurance $4147 average Taxes $4934 Management fees 8% $12,336 Vacancy rate at 20% $26,817 Total Yearly Expenses Rent Breakdown: $560 1001 N. Ransom $495 1003 New Beginnings Ave $515 1010 New Beginnings Ave $550 1011 New Beginnings Ave $550 1012 New Beginnings Ave ( section 8 tenant) $730 1013 New Beginnings Ave ( 4 bedroom house) $550 1027 New Beginnings Ave $595 1036 New Beginnings Ave ( 3 bedroom house) $595 1037 New Beginnings Ave
Twelve unit apartment complex; eight are two story units and four are garden style. All units have two bedrooms. Two story units have 1 1/2 baths.
Price Upon Req.22,035 SF
Mixed-use building in historic Downtown Gastonia. Completely renovated and features ornate vaulted ceilings and rustic hardwood floors. Great parking with 75 spaces and public parking in downtown area. Best Use: Restaurant there are only 3 restaurants in this district. Owner will work with local or regional owner on tenant upfit and graduated lease rates with the right type of restaurant. Features: Fabulous wood detail, great presence, 14' preserved tin ceilings, refinished hardwood floors, great presence, must see to appreciate Walled Outside Dining: At side of building Historic Standard Hardware building, fully renovated in early 2007. Original brick walls, tin ceilings, etc. Part of The Standard Mixed use redevelopment which includes 19 apartment lofts, 5,000 SF of office and 15,000 SF of office/retail. Demographics and Employment: Downtown Gastonia is on the verge of a renaissance. There are 8000 daytime employees from Government and Professional offices in the downtown district. Plans are underway for multi-family redevelopment. Gaston Downtown Development: Was formed to help promote downtown Gastonia. All their activities and information can be found on the
$599,000Size Upon Req.
Hickory Glen Mobile Home Park for Sale. Well Maintained in an area experiencing explosive growth. Very low vacancy rate. There are currently 46 viable lots and 41 are rented. Currently offers a NOI of over $6,000.
Rental home with 2 bedrooms and 1 bath. Partial basement with inside entrance. Kitchen has electric cooktop, wall oven and dishwasher. Tenants have been in the property for 20+ years. This property can be bought together with adjoining 1607 E Marion Street (occupied commercial business) for less. Current tenants are on a month-to-month lease but would like to continue renting the property.