7 Home SFR Investment Portfolio Gastonia, North Carolina

101651 . 7 Home SFR Gastonia NC, Gastonia, NC 28052

  • For Sale $2,150,000
  • Property Type Multi-Family
  • Property Size 10,345 SF
  • Units 7
  • Lot Size 1.32 Acre
  • Additional Rent Contact for pricing
  • Year Built 1942
  • Date Updated Nov 19, 2024
Gastonia is part of the Charlotte metropolitan area, one of the fastest-growing regions in the Southeast United States. With its proximity to Charlotte, just about 30 minutes away, Gastonia benefits from the spillover of Charlotte’s booming job market, particularly in finance, healthcare, and logistics. The Charlotte area is a major banking hub with numerous Fortune 500 companies, and Gastonia’s lower cost of living and attractive community environment make it a popular choice for professionals who prefer not to live in the city. This economic growth translates to a steady demand for rental properties as people flock to the area in search of jobs and affordable housing. Compared to other parts of North Carolina and the U.S. in general, Gastonia offers relatively affordable real estate prices. Single-family homes in Gastonia tend to be more budget-friendly than similar properties in nearby Charlotte. This affordability appeals to both investors and renters alike. Investors can purchase homes at lower entry costs than in larger cities while still benefiting from rising rental prices, which helps achieve a strong cash flow. For investors looking to buy and hold properties, the appreciation potential in Gastonia remains promising as demand for housing continues to rise. As housing prices increase, many potential homebuyers are opting to rent rather than buy. Gastonia, with its family-friendly atmosphere and good quality of life, attracts long-term renters. The demand is particularly high for single-family homes, as families often prefer more space and privacy than apartments can offer. This steady demand for rental housing contributes to lower vacancy rates and consistent rental income, making single-family rentals a smart investment in Gastonia. Gastonia’s population growth is impressive, driven by both local job creation and migration from other states. To support this growth, the city has invested in infrastructure, including transportation and community amenities. New schools, parks, shopping centers, and improvements in public transit are making Gastonia a more appealing place to live. This development helps sustain and grow property values, providing long-term value to investors who buy early in emerging neighborhoods. Single-family rental properties in Gastonia offer excellent return on investment (ROI) potential. Rental yields tend to be higher compared to the national average due to the city’s combination of lower property costs and steady rental income. Gastonia is especially attractive to investors looking to generate passive income, as the consistent demand for rental properties makes it easier to maintain full occupancy. In conclusion, Gastonia, NC, provides a strategic mix of economic growth, affordability, and rental demand that makes it an appealing location for investing in single-family rental properties. As the city continues to grow and develop, investors have a unique opportunity to capitalize on rising property values and rental income in this promising market.

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Highlights

  • 7 Home Investment Portfolio
  • Asset mix is 3-two, 1-three, and 3-four-bedroom homes
  • The average home size is 1,478
  • The average year built is 1942
  • 100% occupied with vetted tenants
  • Property management available
  • Little to no capital expense
  • Average home price of $307,143
  • Average current monthly rent of 1,478
  • Stabilized year 1 net cap rate of 4.58%
  • Stabilized year 1 annual gross yield of 6.88%
  • Stabilized year 1 NOI of $98,529
  • All SVN® Offices Are Independently Owned & Operated
  • Local Broker License Information: www.SFRhub.com/realestatelicensing

Contacts

broker

Tom Johnston

SVN | SFRhub Marketplace

Location

Getting Around

  • Walk Score ®

    65/100 Somewhat Walkable
  • Bike Score ®

    57/100 Bikeable
Powered by Walk Score ®
  • City Gastonia, NC
  • Neighborhood Oakland Park
  • Zip Code 28052
  • Market Charlotte

Points of Interest

  • QuikTrip

    0.14 miles

  • Citgo

    1.18 miles

  • Kangaroo

    1.51 miles

  • Southern Star

    1.95 miles

  • Fastop

    2.00 miles

  • Murphy USA

    2.52 miles

  • Speedway

    2.59 miles

  • Shell

    2.59 miles

  • Linwood Road Access

    5.36 miles

  • The Esquire Hotel, Ascend Hotel Collection

    0.24 miles

  • The York Chester Inn

    0.49 miles

  • Midtown Moter Inn

    0.50 miles

  • Quality Inn

    1.25 miles

  • Rodeway Inn

    1.37 miles

  • WoodSpring Suites Charlotte Gastonia

    1.49 miles

  • Motel 6 Gastonia, NC

    1.50 miles

  • Holiday Inn Express Charlotte West - Gastonia

    1.53 miles

  • Red Carpet Inn & Suites

    1.54 miles

  • Best Western Gastonia

    1.86 miles

  • Shrimp Boat

    0.21 miles

  • Webb Custom Kitchen

    0.32 miles

  • Pita Wheel

    0.37 miles

  • Dairy Queen

    0.69 miles

  • Bojangles'

    0.85 miles

  • Arby's

    0.89 miles

  • Ole Carlolina Barbeque

    1.12 miles

  • Los Arcos

    1.13 miles

  • Pancake House

    1.23 miles

  • Sake Express

    1.29 miles

  • Gastonia Central Elementary School

    0.39 miles

  • Wilson School

    0.61 miles

  • Woodhill School

    0.89 miles

  • Ashley High School

    1.01 miles

  • Wray Junior High School

    1.03 miles

  • Highland Junior High School

    1.20 miles

  • Abernathy School

    1.39 miles

  • Grier Junior High School

    1.56 miles

  • Arlington Junior High School

    1.78 miles

  • Sherwood School

    1.81 miles

  • Susie's Day Care

    6.26 miles

  • Preschool Connection Learning Academy

    8.22 miles

Frequently Asked Questions

How much does 7 Home SFR Investment Portfolio Gastonia, North Carolina cost?

The space currently listed for sale at 7 Home SFR Investment Portfolio Gastonia, North Carolina asks for $2,150,000.

What is the total square footage of 7 Home SFR Investment Portfolio Gastonia, North Carolina?

7 Home SFR Investment Portfolio Gastonia, North Carolina totals 10,345 square feet.

When was this property built?

7 Home SFR Investment Portfolio Gastonia, North Carolina was built in 1942.

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Contact Listing Broker

broker

Tom Johnston

SVN | SFRhub Marketplace