$1,250,000
Active Under Contract
12
Beds
--
Baths
8880
Sqft
0.82
Acres
1616 W Fifth Ave, Gastonia, NC 28052
MLS#: CAR4310928
Back to Search
Overview
Location
Mortgage
Similar Homes
Sold for $1,075,000
Sold for $1,075,000
845 - 881 Glenn St Gastonia, NC 28052
$1,075,000
CLOSEDBeds
40
Baths
Sqft
14,401
Acres
1.61
Year
1984
Close Date
Jul 30, 2020
Property Type
Residential Income
Sub Type
Apartment
Per Square Foot
$75
Date Listed
Dec 20, 2019
Description of 845 - 881 Glenn St, Gastonia, NC 28052
Listing details for 845 - 881 Glenn St, Gastonia, NC 28052 : 8 CAP (estimate) CASH FLOWING 100% Occupancy Turnkey Apartments: Corner lot, UPDATED = Bathrooms, flooring, new paint, appliances, etc. Most tenants on annual leases upon move-in. 2 Dumpsters onsite, storage room, mail station, guest parking area.
*** ESTIMATES (DO YOUR RESEARCH TO VERIFY #'S)
Gross Income=14,000/mo about 168,000/year
Utilities=16,000 (Water, sewer, parking lights)
Taxes=7,400 ($4,903 (845 Buildings/Acres: 1.12 = 2,704sqft) + $2,299 (881 Buildings/Acres: 0.49 = 1,578sqft) = 7,202)
Ins=5,000
Main=20,000
NOI = 119,600/ 1.4 M = 8% CAP estimation
*** VERIFY MEASUREMENTS WHILE PROFESSIONAL MEASUREMENTS PENDING ***
2 Parcel ID's = 137509 & 137508
Leases = 7 out of 20 are on MTM currently from their annual lease expiring (1 corp unit currently for showings till Move-In & pending renewals w/ rental increase requests. Other 13 are on Annual leases.
View More
Listing Updated : 04-15-2026 at 1:40 PM EDT
Property Details
Property Overview
Listing Price
$1,200,000
MLS #ID
CAR3576925
Close Price
$1,075,000
Close Date
Jul 30, 2020
Bedrooms
40
Bathrooms
Square Footage
14,401
Acres
1.61
Year
1984
Days on Site
181 Days
Property Type
Residential Income
Property Sub Type
Apartment
Price per Sq Ft
$75
Date Listed
Dec 20, 2019
Location
Street Address
845 - 881 Glenn St
City
State
North Carolina
ZIP Code
County
Neighborhood / Subdivision
Driving Directions
Corner of W. Davidson & Glenn St
Schools
Home Specification
Bedrooms
40
Bathrooms
20 Full
Total Square Feet
14,401
Construction / Architecture
Year Built
1984
Construction Materials
Brick Partial
Foundation
Crawl Space and Slab
Roof
Composition
New Construction
No
Price per Sq Ft
$75
Lot Features
Corner Lot
Lot Size (Acres)
1.61
Lot Dimensions
48,787 SQFT
Interior Details
Appliances
Dual Flush Toilets, Electric Oven, Electric Range, Electric Water Heater, Exhaust Fan, Gas Oven, Gas Range, Gas Water Heater, Oven and Refrigerator
Flooring
Carpet and Vinyl
Fireplace
No
Heating
Baseboard, Electric, Forced Air and Natural Gas
Cooling
Ceiling Fan(s)
Exterior Details
Garage
No
Parking Features
Parking Lot
Patio & Porch Features
Front Porch and Other - See Remarks
Exterior Features
Lawn Maintenance
Fencing
None
Water Source
City
Sewer
Public Sewer
Community Features
Street Lights
Taxes, HOA & Financing
HOA Fee Includes
None
Show More
Listing Provided By
Real Estate Realty LLC
Properties displayed may be listed or sold by various participants in the MLS
Source
Canopy MLS as distributed by MLS GRID, MLS#: CAR3576925
Is this your home?
Claim it to unlock a private owner dashboard, track your equity, and get a free monthly value report.
Is this your home?
Claim it to unlock a private owner dashboard, track your equity, and get a free monthly value report.
Property History
DateEventPrice
7/30/2020
Sold
$1,075,000 -23.2%
$75/sqft
Source:
Canopy MLS #CAR3576925
Canopy MLS #CAR3576925 12/20/2019
Listed for sale
$1,400,000
$97/sqft
Source:Canopy MLS #CAR3576925
Canopy MLS #CAR3576925Location of 845 - 881 Glenn St, Gastonia, NC 28052
Streetview of 845 - 881 Glenn St, Gastonia, NC 28052
Mortgage Calculator
Schools Near 845 - 881 Glenn St, Gastonia, NC 28052
Is this your home?
Claim it to unlock a private owner dashboard, track your equity, and get a free monthly value report.
Homes Similar to 845 - 881 Glenn St, Gastonia, NC 28052
Sold Homes Similar to 845 - 881 Glenn St, Gastonia, NC 28052
Sold on May 16, 2022
Based on information submitted to the MLS GRID as of 2026-04-15. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. @ Copyright 2026, AgentLoft.com - Powered by AgentLoft