Fantastic Investment Opportunity - Stabilized 11-Unit Apartment Building with Development Potential Whether you're expanding your rental portfolio or just getting started, this stabilized 11-unit apartment building offers strong potential. Located at 1903 E Ozark Ave (apartment address: 1909 E Ozark Ave), the property features ten 1-bedroom/1-bath units and one 2-bed/1-bath unit (Unit 3). Significant renovations were completed in 2022, including: Electrical upgrades, new heating units, interior updates (fresh paint, new flooring, and cabinetry). Exterior improvements (new board & batten siding, fascia, soffits, gutters, doors, and downspouts). Units 6, 8, and 9 have been fully remodeled. Additionally, the site includes three more addresses on the parcel -1903, 1905, and 1907 E Ozark Ave. According to the City of Gastonia Planning Department, these parcels are suitable for future multifamily or mixed-use development, offering added value and long-term growth potential.
Property Features
Bedrooms
Appliances
- Electric Range
- Refrigerator
Heating and Cooling
- Cooling Features: Ductless, Window Unit(s)
- Heating Features: Ductless, Electric, Heat Pump, Natural Gas
Bathrooms
Land Info
- Additional Parcels: No
- Lot Description: Level
- Lot Size Acres: 0.63
- Lot Size Square Feet: 27443
Garage and Parking
- Driveway: Asphalt
- Open Parking: No
- Parking Features: Driveway, Parking Lot
Exterior and Lot Features
- Road Maintenance: Publicly Maintained Road
- Road Responsibility: Publicly Maintained Road
- Road Surface Type: Asphalt, Paved
School Information
- Elementary School: Brookside
- High School: Ashbrook
- Middle School: Grier
Multi-Unit Info
- Number of Units: 11
- Bedrooms in Unit-1: 12
- Total Bathrooms in Unit-1: 11
- Full Bathrooms in Unit-1: 11
- Half Bathrooms in Unit-1: 0
- Unit-1 Square Feet: 7626
- Unit 1 Total Actual Rent: 10478
Homeowners Association
- Pets Allowed: Yes, Breed Restrictions, Number Limit
Other Property Info
- Tax Block: 096-061
- Source Listing Status: Active
- County: Gaston
- Directions: I-85 to Exit 19. East to 1909 E Ozark.
- Source Property Type: Residential Income
- Exclusions: tenant owned appliances
- Parcel Number: 307183
- Zoning: C-3
- Zoning Description: C-3
- Property Subtype: Apartment
Building and Construction
- Total Square Feet Living: 7626
- Year Built: 1935
- Above Grade Finished Area: 7626
- BelowGradeFinishedArea: 0
- Building Area Total: 7626
- Building Exterior Type: Wood
- Construction Materials: Wood
- Foundation Details: Crawl Space
- Property Age: 90
- Levels or Stories: 2
- Structure Type: Site Built
- Total Above Grade Sqft Area: 7626
- Total Area Sqft: 7626
Utilities
- Sewer: Public Sewer
- Water Source: City