$340,000
SOLD APR 26, 2022

5309 Lewis Rd Gastonia, NC 28052

6 Beds
4 Baths
2,900 Sq Ft
2.7 Acres

Recently Sold

$117 Per Sq Ft

15% Above List Price

5 Days on Market

Highlights

  • Mountain View
  • No HOA
  • Handicap Accessible
  • Wetlands on Lot
  • Patio
  • Four Sided Brick Exterior Elevation

About This Home

As of April 2022

Great fully occupied income generating property in Gastonia, NC operating at 8.5% Cap Rate. New Roof was put on in 2019 and minor updates have been made to property. Value add's include raising rents (please see OM for projected pro-forma), making some renovations to the property, and resurfacing the parking lot. Please note, while there is additional acreage behind the building that is apart of this property, the additional land currently sits on wetlands, therefore creating a challenge to build any additional structures or building. PLEASE DO NOT DISTURB TENANTS!

This property is within 5 minutes of Crowder's Mountain State Park.The property is within 5-10 minutes of major retail businesses, other residences, and I-85. The property is also within 12-15 minutes of the Fuse District, CaroMont Health Park (Home of the Honey Hunters), and downtown Gastonia. 15-20 Minutes to Kings Mountain and the new Catawba Two Kings Casino.

Last Agent to Sell the Property

Trystan McNeill

Costello Real Estate and Investments LLC Brokerage Email: Trystan@costellorei.com License #306985 Listed on: 03/03/2022

Last Buyer's Agent

Dwayne Hunter

Giving Tree Realty License #244800

Giving Tree Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Parking

  • 8 Parking Spaces

Home Design

  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 2,900 Sq Ft Home
  • Insulated Windows
  • Vinyl Flooring
  • Mountain Views
  • Oven

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Accessible Home Design

  • Handicap Accessible

Outdoor Features

  • Wetlands on Lot
  • Patio

Utilities

  • Community Well
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for exterior maintenance, trash collection, - see remarks
  • Assessor Parcel Number 145716

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Fourplex
  • Year Built: 1972
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Asphalt, Paved
  • ResoPropertyType: ResidentialIncome
  • Attribution Contact: Trystan@costellorei.com
  • Special Features: None

Interior Features

  • Foundation Details: Brick/Mortar, Other - See Remarks
  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Sq Ft Unheated Basement: 0
  • Appliances: Electric Water Heater, Oven, Refrigerator
  • Other Equipment: Other - See Remarks
  • Owner Pays: Exterior Maintenance, Trash Collection, Other - See Remarks
  • Accessibility Features: Accessible, Other - See Remarks
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Living Area: 2900
  • Window Features: Insulated Window(s)
  • Room Count: 0
  • Sq Ft Other: 0

Exterior Features

  • Exterior Features: Other - See Remarks
  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • View: Mountain(s)
  • Waterfront Features: None
  • Waterfront Elevation: 1500
  • Construction Type: Brick Full, Shingle/Shake, Other - See Remarks
  • Patio And Porch Features: Patio, Other - See Remarks

Garage/Parking

  • Total Parking Spaces: 8
  • Main Level Garage YN: 0
  • Sq Ft Garage: 0
  • Parking Features: Other - See Remarks

Utilities

  • Heating: Other - See Remarks
  • Sewer: Other - See Remarks
  • Laundry Features: Other - See Remarks
  • Water Source: Community Well, Well

Condo/Co-op/Association

  • Hoa Subject To Dues: No
  • Association: No

Schools

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

Lot Info

  • Lot Features: Other - See Remarks, Wetlands
  • Lot Size Units: Acres
  • Parcel Number: 145716
  • Lot Size: 0
  • ResoLotSizeUnits: Acres
  • Zoning Specification: APT01

Green Features

  • Green Verification Count: 1

Rental Info

  • Tenant Pays: All Utilities
  • Pets Allowed: Conditional

Multi Family

  • Number Of Units Total: 4

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

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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
05/14/2025 05/14/25 For Sale $499,900 +47.0% $263 / Sq Ft
04/26/2022 04/26/22 Sold $340,000 +4.6% $117 / Sq Ft
03/08/2022 03/08/22 Pending -- -- --
03/03/2022 03/03/22 Price Changed $325,000 +10.2% $112 / Sq Ft
03/03/2022 03/03/22 For Sale $295,000 -- $102 / 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: 3835287

Canopy MLS (Canopy Realtor® Association)