845 & 881 Glenn Street

    Gastonia, NC 28052
    • $1,400,000
    • STATUS: Active
    • ON SITE: 110 days
    • ID#: 3576925
    UPDATED: 10 min ago
    $1,400,000
    • 40
      BEDS
    • 1.61
      ACRES
    • 20
      BATHS
    • 0
      1/2 BATHS
    • 14,401
      SQFT
    • $97
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1984
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    Offered by Real Estate Realty Llc. Copyright 2020 Canopy MLS. All rights reserved.

    Description

    8 CAP (estimate) CASH FLOWING 100% Occupancy Turnkey Apartments: Corner lot, UPDATED = Bathrooms, flooring, new paint, appliances, etc. Most tenants on annual leases upon move-in. 2 Dumpsters onsite, storage room, mail station, guest parking area. *** ESTIMATES (DO YOUR RESEARCH TO VERIFY #'S) Gross Income=14,000/mo about 168,000/year Utilities=16,000 (Water, sewer, parking lights) Taxes=7,400 ($4,903 (845 Buildings/Acres: 1.12 = 2,704sqft) + $2,299 (881 Buildings/Acres: 0.49 = 1,578sqft) = 7,202) Ins=5,000 Main=20,000 NOI = 119,600/ 1.4 M = 8% CAP estimation *** VERIFY MEASUREMENTS WHILE PROFESSIONAL MEASUREMENTS PENDING *** 2 Parcel ID's = 137509 & 137508 Leases = 7 out of 20 are on MTM currently from their annual lease expiring (1 corp unit currently for showings till Move-In & pending renewals w/ rental increase requests. Other 13 are on Annual leases.

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    Based on information submitted to the MLS GRID as of 2020-04-09T06:59:23.627 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Robert Greene Real Estate, Inc nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2020 Canopy MLS.

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    www.rgrealestate.net/homes/101829730

    845 & 881 Glenn Street Gastonia, NC 28052

    • Price: $1,400,000
    • Status: Active
    • Updated: 10 min ago
    • ID#: 3576925
    40
    Beds
    20
    Baths
    0
    ½ Baths
    1.61
    Acres
    14,401
    SQFT
    $97
    $/SQFT
    1984
    Built
    Neighborhood:
    Jenkins Heights
    County:
    Gaston
    Area:
    Gastonia
    Elementary School:
    Unspecified
    Middle School:
    Unspecified
    High School:
    Unspecified
    Property Description
    8 CAP (estimate) CASH FLOWING 100% Occupancy Turnkey Apartments: Corner lot, UPDATED = Bathrooms, flooring, new paint, appliances, etc. Most tenants on annual leases upon move-in. 2 Dumpsters onsite, storage room, mail station, guest parking area. *** ESTIMATES (DO YOUR RESEARCH TO VERIFY #'S) Gross Income=14,000/mo about 168,000/year Utilities=16,000 (Water, sewer, parking lights) Taxes=7,400 ($4,903 (845 Buildings/Acres: 1.12 = 2,704sqft) + $2,299 (881 Buildings/Acres: 0.49 = 1,578sqft) = 7,202) Ins=5,000 Main=20,000 NOI = 119,600/ 1.4 M = 8% CAP estimation *** VERIFY MEASUREMENTS WHILE PROFESSIONAL MEASUREMENTS PENDING *** 2 Parcel ID's = 137509 & 137508 Leases = 7 out of 20 are on MTM currently from their annual lease expiring (1 corp unit currently for showings till Move-In & pending renewals w/ rental increase requests. Other 13 are on Annual leases.
    Exterior Features

    Construction Materials Brick Partial Exterior Features Lawn Maintenance Lot Features Corner Lot Parking Lot Parking Features Parking Lot Road Surface Type Concrete

    Interior Features

    Appliances Ceiling Fan(S)Co DetectorElectric Dryer HookupElectric RangeExhaust FanGas RangeRefrigeratorG-Dual Flush ToiletsElectric OvenGas Oven Below Grade Finished Area 0 Building Area Total 14401 Fireplace YN No Flooring CarpetVinyl Foundation Details Crawl SpaceSlab Heating BaseboardGas Hot Air Furnace Laundry Features Main LevelIn Kitchen

    Property Features

    Community Features Street Lights New Construction YN No Property Sub Type Multi-Family Sewer Public Sewer Special Listing Conditions Subject To Lease Structure Type Apartments Tax Assessed Value 360520 Water Source Public



    Based on information submitted to the MLS GRID as of 2020-04-09T06:59:23.627 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Robert Greene Real Estate, Inc nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2020 Canopy MLS.

    Digital Millennium Copyright Act
     
    Robert Greene Real Estate, Inc
    132 Allendale Drive
    Forest City NC, 28043
    Offered by Real Estate Realty Llc. Copyright 2020 Canopy MLS. All rights reserved.