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- LoopNet Team
102 W 2nd Ave
Gastonia, NC 28052
Armstrong Apartments · Build-to-Rent Property For Sale
·
18 Units
PROPERTY FACTS
| No. Units | 18 | Property Size | 26,193 sq ft |
| Property Type | Build-to-Rent | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Floors | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1920/2013 |
| Costar Property Class | B | Parking Allocation | 1.38/1,000 sq ft |
| Total Plot Size | 0.91 ac | ||
| Use Class | Historic Residential | ||
| No. Units | 18 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | B |
| Total Plot Size | 0.91 ac |
| Property Size | 26,193 sq ft |
| Average Occupancy | 100% |
| No. Floors | 3 |
| Year Built/Renovated | 1920/2013 |
| Parking Allocation | 1.38/1,000 sq ft |
| Use Class | Historic Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer Hookup
- Heating
- Wooden Floors
- Patio
- Wheelchair Accessible (Rooms)
ABOUT 102 W 2ND AVE , GASTONIA, NC 28052
Armstrong Apartments were originally constructed as teacher housing in 1920 by Colonel Armstrong a prominent figure in the community who also served as Mayor. The property was purchased in 2012 after years of vacancy. A full gut rehab was completed in 2013 by Rehab Builders of Winston Salem who specialize in historical adaptive reuse projects. Architectural work was completed by Eddie Belk of Belk Architecture of Durham who worked on Brightleaf Square and the American Tobacco Co. mill projects in Durham among other historical adaptive reuse work. The property is comprised of 18-units; Six (6) 1BR units, Three (3) 2BR units, and Nine (9) 2BR two-floor townhomes with private second floor balconies. The property is listed on the National Register of Historical Places.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+2 | 12 | - | - |
PROPERTY TAXES
| Parcel Number | 221149 | Improvements Assessment | £1,213,690 |
| Land Assessment | £0 | Total Assessment | £1,213,690 |
PROPERTY TAXES
