NOT LISTED FOR SALE
4 Beds
4 Baths
3,307 Sq Ft
6,970 Sq Ft Lot

Sale Details

Date Sold: October 29, 2021

Last sale price $400,000 $121 Per Sq Ft

35 Days on Market

Highlights

  • Farmhouse Style Home
  • Corner Lot
  • Vinyl Plank Flooring

About This Home

As of October 2021

Great investment opportunity that cash flows!!! This fourplex is located in a desirable rental area in proximity to downtown Gastonia and the upcoming FUSE district. The complex has great rental history and is currently property managed. All 4 units have 1 bedroom and 1 bath. Owner has updated 3 of the 4 units and all residents are on leases. This well kept farm house sits on a corner lot with street parking and 2 parking spaces at the rear of the property. Don't miss out on this multi-family opportunity that has immediate positive cash flow and would be a great asset for your investment portfolio. 4th unit has been partially updated. Fully updating the unit will increase performance.

Last Agent to Sell the Property

Alex Lopez

Verge LLC License #294105 Listed on: 08/14/2021

Last Buyer's Agent

Cindy Greene

Mark Spain Real Estate License #288499

Mark Spain Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 6,970

Home Design

  • Farmhouse Style Home

Additional Features

  • Vinyl Plank Flooring
  • 4 Full Bathrooms
  • Crawl Space
  • Corner Lot

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 108707

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Fourplex
  • Architectural Style: Farmhouse
  • Construction Status: Complete
  • Ratio Close Price By List Price: 1.01266
  • Ratio Close Price By Original Li: 0.94118
  • Ratio Current Price By Acre: 2500000.00
  • Ratio Current Price By Sq Ft: 120.96
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Equipment: Ceiling Fan(s), Electric Range, Refrigerator
  • Flooring: Vinyl Plank
  • Total Sq Ft: 3307

Exterior Features

  • Construction: Wood
  • Construction Type: Site Built

Garage/Parking

  • Parking: On-Street Parking, Parking Space - 4+

Utilities

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

Lot Info

  • Lot Features: Corner Lot
  • Parcel Number: 108707
  • Zoning Specification: RMF

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Value: 128740.00
  • Tax Location: Gastonia

Multi Family

  • Unit Count: 4
  • Number Of Units Total: 4

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2021
Closed on
Oct 28, 2021
Sold by
Bought by
Seller's Agent
Alex Lopez
Verge LLC
Buyer's Agent
Cindy Greene
Mark Spain Real Estate
List Price
$395,000
Sold Price
$400,000
Premium/Discount to List
$5,000
1.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
0.028%
Mortgage Type
VA

Purchase Details

Closed on
Oct 30, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,200
Interest Rate
0.028%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 13, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
0.037%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,354
Interest Rate
0.0692%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 29, 1997
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$400,000 Meridian Title
-- None Available
$160,000 None Available
$31,000 --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $400,000
Previous Owner $176,200
Previous Owner $120,000
Previous Owner $33,354
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/29/2021 10/29/21 Sold $400,000 +1.3% $121 / Sq Ft
09/18/2021 09/18/21 Pending -- -- --
09/08/2021 09/08/21 Price Changed $395,000 0.0% $119 / Sq Ft
09/08/2021 09/08/21 For Sale $395,000 -7.1% $119 / Sq Ft
08/18/2021 08/18/21 Pending -- -- --
08/14/2021 08/14/21 For Sale $425,000 -- $129 / Sq Ft
Source: Canopy MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,019 $234,740 $23,000 $211,740
2024 $3,019 $237,870 $23,000 $214,870
2023 $3,004 $234,720 $23,000 $211,720
2022 $2,270 $148,360 $30,670 $117,690
2021 $1,995 $128,740 $30,670 $98,070
2020 $1,655 $106,780 $30,670 $76,110
2019 $1,666 $106,780 $30,670 $76,110
2018 $1,222 $76,367 $30,668 $45,699
2017 $1,222 $76,367 $30,668 $45,699
2016 $1,222 $76,367 $0 $0
2014 $1,635 $102,180 $30,668 $71,512
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS

MLS Number: CAR3773534

Canopy MLS
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