595 Betty StGastonia, NC 28054

Property Details for 595 Betty St

Year built

1979

Lot size

0.62 AC

Property size (Sq ft)

5,712 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a stabilized, nine-unit apartment building located at 595 Betty St, Gastonia, NC 28054. The property boasts a desirable 6.37% cap rate and comprises two one-story buildings situated on a 0.62-acre lot. Built in 1979 and extensively renovated in 2024, the complex features a mix of unit sizes: four two-bedroom/one-bathroom units and five one-bedroom/one-bathroom units. Seven units have undergone complete renovations, presenting a turnkey investment with immediate income potential. Exterior improvements include a new roof (2022), new windows throughout, and fresh paint, enhancing curb appeal and property value. The property's convenient location offers easy access to downtown Gastonia, the FUSE District, and US-74, providing proximity to retail and various amenities. A proven value-add plan is in place to renovate the remaining two units, further increasing rental income and overall property value. The total square footage is 5,712, and the asking price is $1,300,000. This property offers significant organic rent growth potential and represents a strong investment in a rapidly growing submarket of Charlotte. The property's APN is 112622.

Location Insight

City

Gastonia

County

Gaston

State

North Carolina

Latitude

35.2473

Longitude

-81.1775

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