100% Occupied | 14-Unit Apartment Complex | Charlotte MSA
$2,050,000
302 S Broad St, Gastonia, NC 28054
For Sale
Multifamily
Garden Low Rise
Active
Last Updated: 10/06/2025
11,000 sqft
Building Size
0.9191 acres
Lot Area
Details:
Building Size: 11,000 sqft
Lot Area: 0.9191 acres
Class: C
Units: 4
Year Built: 1958
Floors: 2
Highlights:
- Property located a short walk from festive downtown Gastonia and minor league baseball park
- Current in place rents below market
- Vacancy rate of Gastonia market: 2.0%
- Population growth of Gaston County: 1.3% annually
- Average household income for Gaston County is $85,381 increasing 5.3% year over year
- Limited supply of like kind of apartments
- Bull Realty NC license number C17910
Description:
This proposed acquisition of 14 Class B apartments – 10 two bedrooms, 1 bedroom units; 2 one bedroom, one bathroom units; 2 three bedrooms, one bedroom units - one bathroom Class B apartments in this high growth, high demand, near-zero vacancy market of the Charlotte suburb of Concord is positioned to deliver immediate cash flow and appreciation due to market dynamics that strongly favor landlords: near-zero vacancies, rising household incomes, limited new supply, and accelerating population growth.
Charlotte, NC MSA
Documents:
| Title | ||
|---|---|---|
| Charlotte_Multifamily_Portfolio_Offering_Memorandum_-_302_S_Broad_Street_v3.pdf |
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery
