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319 Osceola St 8 Unit Apartment Building $1,100,000 ($137,500/Unit) 7% Cap Rate Gastonia, NC 28054
Executive Summary
319 Osceola St is a fully renovated, turnkey 8-unit multifamily asset located just minutes from downtown Gastonia. The property features a balanced unit mix of four 2BR/2BA units and four 1BR/1BA units, with 7 of 8 units currently occupied and generating strong in-place cash flow. Current ownership has completed substantial capital improvements, including a new roof, parking lot, siding, windows, HVACs, and interior renovations across all units. There is still NOI upside through leasing the remaining vacant unit and benefiting from the continued market rent growth in Gastonia!
Property Facts
| Price | $1,100,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $137,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.59 AC |
| Cap Rate | 7% | Building Size | 5,736 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1984 |
| Property Subtype | Apartment | ||
| Zoning | APT01 | ||
| Price | $1,100,000 |
| Price Per Unit | $137,500 |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.59 AC |
| Building Size | 5,736 SF |
| No. Stories | 2 |
| Year Built | 1984 |
| Zoning | APT01 |
Amenities
Unit Amenities
- Cable Ready
- Dishwasher
- Disposal
- Kitchen
- Oven
- Range
- Carpet
- Grill
Site Amenities
- Fitness Center
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 670 |
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Property Taxes
| Parcel Number | 112583 | Improvements Assessment | $608,000 |
| Land Assessment | $0 | Total Assessment | $608,000 |
Property Taxes
Parcel Number
112583
Land Assessment
$0
Improvements Assessment
$608,000
Total Assessment
$608,000
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Videos
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Presented by
Britt Commercial Real Estate LLC
319 Osceola St
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