Fantastic Investment Opportunity - Stabilized 11-Unit Apartment Building with Development Potential Whether you're expanding your rental portfolio or just getting started, this stabilized 11-unit apartment building offers strong potential. Located at 1903 E Ozark Ave (apartment address: 1909 E Ozark Ave), the property features ten 1-bedroom/1-bath units and one 2-bed/1-bath unit (Unit 3). Significant renovations were completed in 2022, including: Electrical upgrades, new heating units, interior updates (fresh paint, new flooring, and cabinetry). Exterior improvements (new board & batten siding, fascia, soffits, gutters, doors, and downspouts). Units 6, 8, and 9 have been fully remodeled. Additionally, the site includes three more addresses on the parcel 1903, 1905, and 1907 E Ozark Ave. According to the City of Gastonia Planning Department, these parcels are suitable for future multifamily or mixed-use development, offering added value and long-term growth potential.
MLS # | 4240796 |
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Listing Type | For Sale |
Style | Condominium |
Sub-Type | Resale |
Status | Active |
Year | 1935 |
Days On Site | 78 |
Listing Provided By | Real Estate Realty LLC | Curtis Waters |
Bed(s) | 12 |
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Bath(s) | 11 Total |
SQ Feet | 7,626 |
Story(s) | 2 |
Units | 11 |
Zoning | C-3 |
Acreage | 0.63 |
Cooling | Ductless, Window Unit(s) |
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Heating | Ductless, Electric, Heat Pump, Natural Gas |
Appliances | Electric Range, Refrigerator |
Construction Materials | Wood |
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Foundation Details | Crawl Space |
Lot Features | Level |
Garage Yes / No | No |
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Parking Features | Driveway, Parking Lot |
List Aor | Canopy Realtor Association |
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Property | 551630 |
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State | NC |
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County | Gaston |
City | Gastonia |
Zip Code | 28054 |
Area | Gaston |
School District | Ashbrook |
Elementary School | Brookside |
Middle School | Grier |
High School | Ashbrook |