NOT LISTED FOR SALE

1028 New Beginnings Ave Gastonia, NC 28052

37 Beds
18 Baths
7,800 Sq Ft
0.84 Acres

Last Sold July 19, 2016

Last sale price $545,000 $70 Per Sq Ft

64 Days on Market

About This Home

As of July 2016

18 Units total, this listing corresponds w/ parcel ID 101624-1050 New Beginnings
$595K Sales Price - $33,055 a door. The income is $103,800 = 10.08% Cap Rate, Expenses:$43,977K Yr / $60,003K yr cash flow
There is a 12 plex and a 6 plex
Renovations done in 2007 on the 12 plex:
new roofs, 85% new windows, 65% we given new cabinets , New water heaters, All buildings got new appliances, 1050 building has a laundry room and storage room behind it
Unit 5 in building 1050 has a 3 BR unit.

Last Agent to Sell the Property

Ronnie Brown-Walters

MW Properties Realty Group LLC License #279683 Listed on: 02/12/2016

Last Buyer's Agent

William Orozco

New View Realty Group License #279063

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 0.84

Home Design

  • Garden Home
  • Slab Foundation

Interior Spaces

  • 18 Full Bathrooms
  • Insulated Windows

Listing and Financial Details

  • Tenant pays for all utilities
  • Rent includes exterior maintenance, management fee, outdoor lighting, sewer, water
  • Assessor Parcel Number 101622

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Apartments
  • Architectural Style: Garden
  • Ratio Close Price By List Price: 0.91597
  • Ratio Close Price By Original Li: 1.37975
  • Ratio Current Price By Acre: 648809.52
  • Ratio Current Price By Sq Ft: 69.87
  • Year Built: 1988
  • Property Features: Cable Available, Range/Oven, Refrigerator, Storm Windows/Doors
  • Special Features: None

Interior Features

  • Foundation Details: Concrete, Slab
  • Full Bathrooms: 18
  • Total Bedrooms: 37
  • Doors and Windows: Insulated Windows
  • Equipment: CO Detector, Exhaust Hood, Refrigerator, Self Cleaning Oven, Washer
  • Laundry Location: Common Facility
  • Total Sq Ft: 7800

Exterior Features

  • Construction: Brick Full
  • Publically Maintained Road: Yes

Garage/Parking

  • Driveway: Concrete
  • Parking: Lot, Parking Space - 1

Utilities

  • Heating: Wall Unit Heat, Window Unit
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric, Gas

Condo/Co-op/Association

  • Community Features: Laundry Room

Schools

  • Elementary School: Rhyne
  • Middle School: Grier
  • High School: Ashbrook

Lot Info

  • Lot Dimension: Unknown
  • Lot Size Area: 0.840
  • Parcel Number: 101622
  • Plat Reference Section Pages: 1720
  • Zoning: Multi Family Dwelling
  • Zoning Specification: APT01

Rental Info

  • Rent Includes: Exterior Maintenance, Management Fee, Outdoor Lighting, Sewer, Water
  • Tenant Pays: All Utilities

Tax Info

  • Tax Value: 271078.00
  • Tax Location: Gastonia

Multi Family

  • Unit Count: 18
  • Number Of Units Total: 18

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2016 07/19/16 Sold $545,000 +38.0% $70 / Sq Ft
04/16/2016 04/16/16 Pending -- -- --
02/12/2016 02/12/16 For Sale $395,000 -- $51 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3147501

Canopy MLS (Canopy Realtor® Association)