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Terri Bias

Operator/Brokerage Owner | Terri Bias and Associates | PLACE

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595 Betty St , Gastonia, NC 28054
$1,200,000
Est. Payment: $6,753.26/mo
12 Bed
9 Bath
5712 Sqft
0.61 Acres
Status: active | Days on site: 22
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Terri Bias
Operator/Brokerage Owner

House Description

Nine units, 100% occupied, and $120,900 in annual contract rent, just five minutes from Downtown Gastonia and the FUSE District. These two single-story brick buildings, with a rent roll that is already full, are waiting for their new owner. 595 Betty Street is a garden-style multifamily community approximately five minutes from Downtown Gastonia and the FUSE District, with convenient access to retail, employment centers, and I-85, offering an investor immediate income in a growing market. Much of the work investors typically plan for has already been done. Seven of the nine apartments were updated before the current owner's acquisition, and the property has since received exterior painting, replacement windows throughout, and a roof installed in 2022. Gutters are in place on the front and back of both buildings. Built in 1979 on approximately 0.61 acres, the community offers six one-bedroom/one-bath apartments of approximately 600 square feet and three two-bedroom/one-bath apartments of approximately 700 square feet, totaling twelve bedrooms, nine bathrooms, and approximately 5,712 rentable square feet. Most units feature laminate-style flooring, and the floor plans for the accessible units show open kitchen and living areas. Unit 5 is an end unit with a distinct layout and updated kitchen cabinets. Seller-provided appliances in most units include a refrigerator and a gas range or stove, and Unit 1 is served by a metal accessibility ramp at its front entrance. A surface parking lot serves the property. The updated rent roll reflects approximately $10,075 per month in contract rent, or $120,900 annually. Average contract rent is approximately $1,083 for the one-bedroom units and $1,192 for the two-bedroom units. Electricity is separately metered, with tenants generally responsible for electricity and applicable gas service. The owner pays water, trash, stormwater, and landscaping. The seller-provided operating statement for August 2025 through July 2026 reports total income of $116,604 and expenses of $13,286. Based on the seller-reported net operating income of $103,319 over the last 12 months, the property offers an approximate 8.6% cap rate at the $1,200,000 offering price. The seller has self-managed the property, so no management fee is included, giving a new owner the flexibility to bring in professional management or apply their own operating approach. For an investor seeking a manageable, income-producing property, 595 Betty Street combines in-place rents, exterior improvements, separately metered electricity, and an established tenant base. Its nine-unit size is large enough to spread income across multiple tenants while remaining practical to own and operate. Opportunities to acquire a fully occupied, updated nine-unit community this close to Downtown Gastonia don't come along often; request the rent roll, operating history, and floor plans today to see the numbers for yourself.

Highlights

Listed by Tim Brown , 704-619-1008 Hines & Associates Realty LLC , 704-990-2000. Canopy MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.61

Year Built

1979

County

Gaston

Neighborhood

None

Listing ID

4424715

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:12
  • ▪ Bathrooms:9
  • ▪ Full Bathrooms:9
Appliances:Electric Range, Gas Range, Gas Water Heater
Air Cond:Window Unit(s)
Fireplaces:
Floor:Carpet,Laminate,Vinyl
Above Ground Sq Ft:5712
Other:
  • ▪ Additional:Attic Other, Open Floorplan
Water:City

Exterior Features

Lot:Cul-De-Sac
Garage Capacity:9
Roof:Architectural Shingle
Sewer:Public Sewer
Parking Features:Parking Lot
Principal Interest
$6,753
Taxes
$765

Home Price

$1,200,000

Loan Details

30 yrs
7.562%

Down Payment

20%
$240,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$6,753.26

Principal

Taxes

Principal Taxes HOA Total
Monthly $6,753.26 $765.00 $0.00 $7,518.26
Yearly $81,039.15 $9,180.00 $0.00 $90,219.15
Total $2,431,174.57 $275,400.00 $0.00 $2,706,574.57

Today's Rates

30 Year

7.56%

20 Year

6.86%

15 Year

6.75%

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Market insight data is pulled from the same city as the listing being viewed (Gastonia, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MLS GRID as of the date listed below. 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.
The data relating to real estate on this website derive in part from the Internet Data Exchange program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Terri Bias and Associates | PLACE nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
Listings courtesy of Canopy MLS as distributed by MLS GRID

IDX service by Blueroof 360

Data last updated: 2026-10-09T07:32:06.000Z

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