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3129 Spring Valley Dr
Gastonia, NC 28052
Nu Gastonia · Multifamily Property For Sale
·
82 Units
PROPERTY FACTS
| No. Units | 82 | Building Size | 64,625 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1970 |
| Building Class | C | Parking Ratio | 2.35/1,000 SF |
| Lot Size | 7.07 AC | ||
| Zoning | APT01 - 2100 - Apartments (Generic) | ||
| No. Units | 82 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 7.07 AC |
| Building Size | 64,625 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 2.35/1,000 SF |
| Zoning | APT01 - 2100 - Apartments (Generic) |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Maintenance on site
- Online Services
- Walk-Up
- Smoke Detector
ABOUT 3129 SPRING VALLEY DR , GASTONIA, NC 28052
Marcus & Millichap is pleased to present to qualified investors, a 82 unit multi family property located in the rapidly growing market of Gastonia, North Carolina. The property represents a unique opportunity for new ownership to capitalize on an asset with historically strong occupancy while pursuing multiple avenues of income growth potential. The Spring Valley Townhomes are just to the west of Charlotte, NC along Interstate 85 off exit 14. This asset has three unit layouts; 24 two bedroom, one bathroom units (675 SF), 24 two bedroom, one bathroom units (725 SF), and 34 three bed-room, one bathroom units (910 SF). This property was built in 1970 and sits on +/- 7.00 acres. This property is centrally located in Gastonia and is very accessible to the Charlotte airport just 15 minutes away. Spring Valley is also just off of Highway 74/Highway 29 and consequently a Big Lots and a Walmart Supercenter at the Myrtle School Road intersection. The Spring Valley Townhomes enjoy convenient access to surrounding economic generators, retail, entertainment and are in close proximity to major highways and interstates. Supported by a strong rental markets, the property provides an investor with the potential to reduce loss-to-lease, increase rents to market rates, improve operational efficiencies, as well as implement a strategic value-add program to update unit interiors. Multiple debt options further add to the attractiveness of this long-term investment opportunity.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 47 | - | 600 - 700 |
| 3+1 | 35 | - | 900 |
PROPERTY TAXES
| Parcel Number | 102488 | Improvements Assessment | $7,282,590 |
| Land Assessment | $0 | Total Assessment | $7,282,590 |
PROPERTY TAXES
