761 Miller Street, Gastonia, NC

Multi-family for Sale - $469,000

Agent Info

Scott Hobbs
CENTURY 21 Capstone Commercial Group

Property Info

  761 Miller Street
  Gastonia NC 28052
UpdatedJanuary 4th, 2018


Property Description

Century 21 Capstone Commercial Group is pleased to offer the exclusive listing of 761 Miller Street in Gastonia, NC for sale. Current ownership has spent significant capital to rehabilitate this 8-unit apartment property. All floor plans are 3 bed-1 Bath Exterior upgrades include new roofs, windows, doors and siding. The interior was taken down to the studs and new cabinets, counter- tops, appliances, flooring, and fixtures including wall mounted HVAC systems were added. The current owner- ship has spent an estimated hundred-thousand dollars in renovations and upgrades to the property. Currently rents are below market value the buyer will benefit from an in- crease in rental rates.

The property is also located within one mile of the Loray Mill and the planned (FUSE) Franklin Urban Sports and Entertainment development in Gastonia potentially breaking ground in 2018.

Loray Mill was once one of the largest textile mills in the southeast and starting in 2012 was converted into apartments and included retail to help revitalize the area. FUSE aims to help revitalize the area through a development that will contain a new baseball stadium which will house Gastonia