1204 Iva Avenue
Property Description
This is an eight single-family portfolio located in the growing Charlotte suburb of Gaston, NC. All properties are located within one block of each other. They are a 45-minute drive to Uptown Charlotte and 30 minutes away from Charlotte Douglas International Airport. 1204 Iva was damaged due to a hurricane. The property was gutted and completely remodeled. All work permitted with a Certificate of Compliance issued by the City of Gastonia Code Enforcement in March 2026. The monthly gross income is $9,040 when fully occupied. Only one property is vacant and requires approximately $5,000 in improvements to be rent-ready. Annual insurance is $4,450, and taxes are $6,416.00 across all properties. The properties are professionally managed. No showings until under contract. DO NO DISTURB TENANTS. DO NOT TALK TO TENANTS. Acreage and square footage are approximate and based on public records. Buyer to verify all square footage and acreage. Listing agent has an ownership interest in the selling LLC.
Key Property Information
| Listing Status: | Pending Sale |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $997,000 |
| No. of Units: | 8 |
| Year Built: | 1960 |
| Opportunity Zone: | No |
| Price per unit: | $124,625 |
| Property Website | Click Here |
| Number of Bedrooms: | 22 |
| Number of Bathrooms: | 8 |
ID: 3yd-CMLSNC-4382471
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