tomo logo

$1,375,000

Beds
21
Baths
11.0
sq ft
7,900

1015 East Airline Avenue, Gastonia, NC 28054

1015 East Airline Avenue

Gastonia, NC 28054

  • 12 days on market
Nice garden style 11 unit apartment complex includes 2 buildings with new roofs installed in 2024, Exterior brick for low maintenance. 10 units are 2 bedrooms 1 bath, 1 unit is 1 bedroom 1 bath. Several units recently updated. 5 minutes from downtown, I-85, business & retail district. Convenient location. This property offers great income and a wonderful long term investment. Please do not disturb tenants. Leases are month to month. These apartments can be purchased in a package deal with 2 houses - 1019 E. Airline (ml#4221542) & 1021 E. Airline (ML#4221541) for $1,625,000.

Details

Property type

Apartment

Lot size

Unknown

Price per sq ft

$175

Year built

1988

Price History

02/10/2025
CanopyMLS

CanopyMLS #4221170

Listed
$1,375,000

Schools & Community

Elementary school: 

Unspecified

Middle school: 

Unspecified

High school: 

Unspecified

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Skyline National Bank

Loan start date

July 2023

Original loan amount

$500,000

Est. remaining balance

Not provided

Interest rate

6.57%

Loan type

Future Advance Clause / Open End Mortgage

Seller

Eda Holdings Llc

Lender

Peoples Bank

Loan start date

January 2020

Original loan amount

$1,044,800

Est. remaining balance

Not provided

Interest rate

3.68%

Loan type

Commercial

Seller

Eda Holdings Llc

Lender

Peoples Bank

Loan start date

August 2015

Original loan amount

$240,000

Est. remaining balance

Not provided

Interest rate

4%

Loan type

Future Advance Clause / Open End Mortgage

Seller

Eda Holdings Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 02/23/2025 at 10:10 AM

Listing updated: 02/14/2025 at 4:19 PM

Listed by: Carla Howell, Coldwell Banker Carver-Pressley, Realtors Phone #: (704) 266-5060

MLS: CanopyMLS #4221170

CanopyMLS logo

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