207 N Morris St

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Address: 207 N Morris St, Gastonia, NC 28052, USA
Atlanta & Southeast + Apartment Buildings
Created date: September 14, 2026
Date last updated: September 15, 2026
  • 141 Units Across 45 Parcels: Immediate portfolio scale in Gastonia within the Charlotte metropolitan area.
  • 93% Reported Occupancy: Established rental base with average in-place rents of $954 per month.
  • Operational Upside: Underwriting targets approximately $325,500 in annual expense savings through management and cost efficiencies.
  • Untapped Utility Recovery: Approximately $350,900 in trailing annual utility costs with no reported reimbursements; underwriting projects $284,800 in annual recovery by Year 5.
  • Rents Aligned With Market: Average in-place rents of $954 versus the memorandum’s estimated market rent of $957.
  • Clustered Locations: Multiple properties concentrated along the same streets and within nearby neighborhoods, supporting coordinated management and maintenance.
  • 14.66 Acres: Portfolio includes multifamily properties and single-family rentals across 52 addresses.
  • Subject to Offer: Opportunity to acquire the portfolio through a competitive offering process.

Property Description

Aline Capital presents the R.T.J.J. Portfolio, a 141-unit rental portfolio spanning 45 parcels and approximately 14.66 acres in Gastonia, North Carolina. Comprising multifamily properties and single-family rentals, the portfolio offers immediate scale within the Charlotte metropolitan area, with reported occupancy of 93% and average in-place monthly rents of $954. The investment opportunity centers on improving operating performance through more efficient management, expense controls, and phased utility reimbursements. The offering’s underwriting identifies approximately $325,500 in potential annual operating expense savings and projects approximately $284,800 in annual utility reimbursements by Year 5. With in-place rents closely aligned with the memorandum’s estimated market rents, the business plan emphasizes operational improvements, vacancy leasing, and organic rental growth. Offered on a subject-to-offer basis, the portfolio provides an opportunity to acquire an established rental operation with multiple avenues for income enhancement.
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Broker Details

Alex Rossitch
Alex Rossitch

Aline Capital 704-942-1566

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Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
No. of Units: 141
Year Built: 1950
Opportunity Zone: No
Property Website Click Here
Address: 207 N Morris St, Gastonia, NC 28052, USA
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