$740,000
$754,900
2.0%For more information regarding the value of a property, please contact us for a free consultation.
1024 Avondale RD Lowell, NC 28098
24 Beds
16 Baths
6,552 SqFt
Key Details
Sold Price $740,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,552 sqft
Price per Sqft $112
Subdivision Avondale
MLS Listing ID 3628268
Sold Date 06/30/20
Bedrooms 24
Full Baths 16
Year Built 1970
Lot Size 1.370 Acres
Acres 1.37
Property Sub-Type Multi-Family
Property Description
!!!Attention Investors!!! Here is an opportunity to add 16 units of multifamily real estate to your rental portfolio. The complex consists of 2 buildings that have 12 bedrooms each. All of the units are currently vacant. the owners plans were to rehab and lease up. due to currently being tied up on other projects the seller has decided to sale. some of the units do need rehab work. some just need cosmetics and others may need a little more TLC. This a great opportunity for someone that is already in the multifamily business. Potential rents of 145-150k annual gross after being brought to 100% occupancy rate.
Location
State NC
County Gaston
Interior
Heating Central
Appliance None
Laundry Other
Building
Building Description Brick, Apartments
Foundation Crawl Space
Sewer Septic Installed
Water Public
Structure Type Brick
New Construction false
Schools
Elementary Schools Unspecified
Middle Schools Unspecified
High Schools Unspecified
Others
Pets Allowed Conditional
Special Listing Condition None
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© 2025 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Bought with Joshua Fannin • Providence Management & Invest