311 N Rhyne St

Gastonia NC 28054

730 sq. ft.

2 ac.

Other

Currently for sale - view listing

Overview

14 SFH units on the same block in Gastonia!!! Fully occupied with a healthy T-12. It is hard to find any rental in Gastonia for under 1K/month so these units stay rented. They are cinder block, baseboard heat, and window units, so there is very little maintenance involved in ownership. These are designed to be basic and easy to maintain, while at the same time providing excellent income. No walkthroughs will be granted until an offer is signed. There are 8 tenants in place on Month to Month, 4 tenants whose lease ends this year, and the remaining 2 end in the second quarter of next year. The current monthly gross is $10, 860. Taxes are $9, 300 per year and insurance is $2, 556 per year. Please see attachments for the rent roll and T-12.