907 W 5th Ave

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907 W 5th Ave

Gastonia, NC 28052
Asking Price
$525K
Asset Type
Multifamily
Class
Class B

What's Special

907 W 5th Ave is located in the West Gastonia neighborhood, characterized by a mix of established residential homes and local commercial corridors. The property is situated approximately one mile from Gastonia’s historic downtown district and the FUSE District entertainment hub. Residents have immediate access to regional shopping along West Franklin Boulevard and nearby recreational spaces including Martha Rivers Park. Transportation is facilitated by the property’s proximity to U.S. Route 74 and Interstate 85, providing direct commutes to the greater Charlotte metropolitan area. The asset is suitable for a value-add investment or long-term workforce housing strategy. Its location near downtown employment centers and industrial hubs makes it an ideal fit for local service-sector employees and commuters seeking affordability within the Gaston County submarket. The typical tenant profile consists of individuals or small households looking for proximity to civic amenities, public transit routes, and regional interstate access. The property’s footprint supports high-occupancy potential given the sustained demand for multi-family conversions and traditional rental units in this developing corridor.

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NOI
$80,000
Cap Rate
15.24%
DSCR
2.57
Strong
Cash-on-Cash
31.00%
Monthly Payment
$2,597.414
Annual Cash Flow
$48,831.037

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