NOT LISTED FOR SALE

508 Mark Ave Gastonia, NC 28054

8 Beds
4 Baths
3,068 Sq Ft
26,136 Sq Ft Lot

Last Sold March 28, 2022

Last sale price $240,000 $78 Per Sq Ft

8 Days on Market

About This Home

As of March 2022

Fourplex multifamily located on a quiet wooded lot at the end of the road Mark Ave. 4 Total units in 1 story brick exterior. Each unit is 767 square feet with 2 bedrooms and 1 bath. 2 units rented at $450 month to month, 1 unit vacant and 1 unit rented for $275 month to month (tenant has been in unit for 29 years). All tenants prefer to stay. 3rd unit is empty and being upfitted with new paint and flooring. No laundry in any unit. Laundry matt near subdivision. These are the only multifamily located in established subdivision. Truly unique find and opportunity. One of a kind. Each unit has window AC and electric floor heat. County water with septic system. Owner responsible for water. DO NOT DISTURB TENANTS!

Last Agent to Sell the Property

Mark McClaskey

EXP Realty LLC Ballantyne License #77314 Listed on: 02/08/2022

EXP Realty LLC Ballantyne

Co-Listed By

Dalice Estes

NorthGroup Real Estate LLC License #119231

Last Buyer's Agent

Non Member

Canopy Administration

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • Wooded Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3,068 Sq Ft Home
  • Crawl Space

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Baseboard Heating
  • Septic Tank
  • Shared Septic

Community Details

  • Burton Hills Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, electric heat, electricity, all except water
  • Rent includes water
  • Assessor Parcel Number 136947

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

0.6 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Year Built: 1966
  • Ratio Current Price By Acre: 400000.00
  • Road Surface Type: Gravel
  • Structure Type: Fourplex
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: No
  • Fixture Exception Yn: 0
  • Room Other: Bathroom(s),Bedroom(s)
  • Appliances: None
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Living Area: 3068
  • Total Sq Ft: 767

Exterior Features

  • New Construction: No
  • Tax Location: Gaston
  • Construction Type: Site Built
  • Property Features: Attic Stairs Pulldown
  • Construction Type: Brick

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: None

Utilities

  • Heating: Baseboard, Wall Unit(s)
  • Sewer: Septic Installed, Shared Septic
  • Water Heater: Electric
  • Laundry Features: None
  • Water Source: County Water

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Lot Features: Wooded
  • Lot Size Units: Acres
  • Parcel Number: 136947
  • Zoning Description: APT01

Rental Info

  • Rent Includes: Water
  • Tenant Pays: Cable TV, Electric Heat, Electricity, All except water
  • Pets Allowed: Yes

Tax Info

  • RATIO List Price By Tax Amount: 2.61643

Multi Family

  • Number Of Units Total: 4
  • Unit Count: 1

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified
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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 List to Sale Price per Sq Ft
03/28/2022 03/28/22 Sold $240,000 -4.0% $78 / Sq Ft
02/16/2022 02/16/22 Pending -- -- --
02/08/2022 02/08/22 For Sale $250,000 -- $81 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Tax History

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 $1,825 $255,630 $16,400 $239,230
2024 $1,825 $255,630 $16,400 $239,230
2023 $1,777 $255,630 $16,400 $239,230
2022 $879 $95,550 $12,800 $82,750
2021 $880 $95,550 $12,800 $82,750
2019 $1,103 $117,320 $12,800 $104,520
2018 $1,051 $110,175 $20,000 $90,175
2017 $1,051 $110,175 $20,000 $90,175
2016 $1,040 $110,175 $0 $0
2014 $1,053 $110,417 $24,000 $86,417
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3827744

Canopy MLS (Canopy Realtor® Association)
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