Sold
Last Sold Price
24 beds6,552 sqft
1024 Avondale Rd, Lowell, NC 28098
Multi FamilyProperty Type
1.37 acresLot Size
1970Year Built
$113/sq ftPrice per sq ft

Description

Attention Investors! Here is an opportunity to add 16 units of multifamily real estate to your rental portfolio. The complex consists of 2 buildings that have 12 bedrooms each. All of the units are currently vacant. the owners plans were to rehab and lease up. due to currently being tied up on other projects the seller has decided to sale. some of the units do need rehab work. some just need cosmetics and others may need a little more TLC. This a great opportunity for someone that is already in the...Attention Investors! Here is an opportunity to add 16 units of multifamily real estate to your rental portfolio. The complex consists of 2 buildings that have 12 bedrooms each. All of the units are currently vacant. the owners plans were to rehab and lease up. due to currently being tied up on other projects the seller has decided to sale. some of the units do need rehab work. some just need cosmetics and others may need a little more TLC. This a great opportunity for someone that is already in the multifamily business. Potential rents of 145-150k annual gross after being brought to 100% occupancy rate.
  • Listed by: • Coldwell Banker Carver-Pressley, Realtors eddie.howell@cbmecarealty.com
  • Listed by: • Coldwell Banker Carver-Pressley, Realtors
Listing closed: 06/30/2020 12:00 AM • Source: CANOPY, MLS#: 3628268

Recent comparable sales

Median sold price

$516,000

Avg days on market

7

Sale-to-list ratio

102.4%

Lowell, NC

9 comparable properties found

1

$900,000

Sold 12/19/24

Unavailable
Bedrooms
Unavailable
Bathrooms
9,056
Square Feet
0.61
Acres
$535,000 | 909 Tiffany Lane, Lowell, NC 28098
1/37
2

$535,000

Sold 03/04/25

5
Bedrooms
3,198
Square Feet
0.67
Acres
3

$539,500

Sold 07/25/25

5
Bedrooms
4
Bathrooms
3,005
Square Feet
0.2
Acres
4

$517,000

Sold 03/18/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.18
Acres
5

$350,000

Sold 04/23/26

Unavailable
Bedrooms
Unavailable
Bathrooms
5,116
Square Feet
0.2
Acres
6

$516,000

Sold 05/29/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.23
Acres
7

$511,000

Sold 12/30/25

5
Bedrooms
3
Bathrooms
3,682
Square Feet
0.18
Acres
8

$505,500

Sold 12/08/25

4
Bedrooms
3
Bathrooms
3,680
Square Feet
0.28
Acres
a front view of a house with garden
1/37
9

$476,000

Sold 12/12/24

3
Bedrooms
2,708
Square Feet
1.48
Acres

Location

Listing Courtesy of Coldwell Banker Carver-Pressley, Realtors

Sold By Providence Management & Invest

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$4,226 per month

30 year fixed, 6.71% Interest

Principal and Interest

$3,824

Property Taxes

$402

HOA Dues

$0

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Property Information for 1024 Avondale Road

Property Details
  • MLS Type: Residential Income / Apartment
  • Parking Features: Parking Lot
  • Subdivision Name: Avondale
Building Information
  • Year Built: 1970
  • Lot Size: 1.37 AC / 59,677 SF
Summary
Location and General Information
  • Longitude: -81.090039
  • Latitude: 35.261217
Taxes and HOA Information
  • HOA YN: No
  • HOA Subject To: None
  • Tax Assessed Value: $487,100.00
  • Parcel Number: 128268
  • City Taxes Paid To: Lowell
School Information
  • Middle Or Junior School: Unspecified
  • High School: Unspecified
  • Elementary School: Unspecified
Parking
  • Garage Main Level YN: No
Property
Lot Information
  • Below Grade Finished Area: 0.0
  • Lot Size Acres: 1.37
  • Lot Size Dimensions: 0
  • Lot Size Units: Acres
  • Property Type: Residential Income
Property and Assessments
  • New Construction YN: No
  • Photos Count: 7
  • Road Responsibility: Publicly Maintained Road
  • Construction Type: Site Built
  • Assumable: No
  • Number Of Completed Units Total: 16
  • Number Of Projected Units Total: 0
Utilities
  • Sewer: Septic Installed
  • Water Source: City
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick Full
Interior Features
  • Appliances: Electric Water Heater
  • Heating: Central
  • Laundry Features: Other - See Remarks
  • Foundation Details: Crawl Space
Room Information
Room Information
  • Room Count: 0.0
Multi Family
Multi-Family Information
  • Number Of Units Total: 16
Rental
Rent Information
  • Tenant Pays: All Utilities, Cable TV, Electricity, Gas, Water
  • Pets Allowed: Conditional

Property History for 1024 Avondale Road

DateEvent & SourcePriceAppreciation
Jun 30, 2020

Closed

CANOPY #3628268

$740,000
Jun 9, 2020

Under Contract-No Show

CANOPY #3628268

Jun 9, 2020

Listed (Active)

CANOPY #3628268

$754,900
DateEvent & SourcePrice
06/30/2020

Closed

CANOPY #3628268

$740,000
06/09/2020

Under Contract-No Show

CANOPY #3628268

06/09/2020

Listed (Active)

CANOPY #3628268

$754,900

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1024 Avondale Road

Taxable ValueLand-Additions$675,950Total-
Tax Record2026$4,826 ($402 / month)
Home Facts
Total Finished SqFt6,552 SqFtAbove Grade Finished SqFt6,552 SqFtStories2Lot Size30,056 SqFtStyleMulti-Family Res (5+ Units)Year Built1970Year Renovated1970ZoningAPT01CountyGASTONAPN128268

Schools near 1024 Avondale Road

This home is within Gaston County School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
McAdenville Elementary School
PublicK to 5

Holbrook Middle School
Public6 to 8

Stuart W. Cramer High School
Public9 to 12

Warlick School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1024 Avondale Road, Lowell, NC 28098
$740,000
24
6,552
59,677
$236,000
3
992
13,068
$56,500
3
1,292
20,037
4
3
1,944
34,848
$152,500
3
1,300
16,988
3
1
864
16,988

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Carver-Pressley, Realtors

Based on information submitted to the MLS GRID as of 04/01/2021 09:56 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.