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Gastonia · Gastonia, NC

317 S Yates Street

Gastonia, NC · 896 sqft

$99,999

Reduced from $135,000

  • 2Beds
  • 1Baths
  • 896SqFt
  • 1940Year
  • 36 x 102 x 38 x 97Lot
  • 46Days on market

About this home

Location! Location! Location! Attention all rehabbers, Investors, and those looking for fixer-uppers! This two bedroom 1 full bath ranch house is situated on a corner lot, located in a gentrifying section of Gastonia. New construction is within walking distance of this parcel and are selling for hundreds of thousands more! Property is currently vacant and is being sold "As Is". Seller will make no repairs. Structural issues were discovered in the lower level and will need to be addressed, hence, the drastic reduction from the original offering price. This is an excellent opportunity for an investor seeking to repair, renovate and reap the rewards via flipping the property once completed or renting to new tenants for long term cash flow. The additional square footage is located below grade is "non-livable" and only accessible via exterior rear crawl space door. If fix and flip is your niche' this could be your diamond in the rough.

Property details

Beds
2
Baths
1
SqFt
896
Lot
36 x 102 x 38 x 97
Year built
1940
Type
Single Family
Days on market
46
Heating
Floor Furnace
Cooling
Central Air
Foundation
Basement
Flooring
Vinyl

Payment estimate

Estimated monthly payment

Includes P&I, tax, insurance

$719/ month

Principal & interest
$619
Property tax (~0.85%)
$70
Homeowners insurance
$29
HOA dues

Down payment

$4,999 down · $94,999 financed

Income to qualify (28% rule)

~$30,828 / year household

A rough rule — actual qualification depends on your full debt picture, credit, and the lender. Christy can introduce you to lenders she trusts.

Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.

Location

About Gastonia

Gaston’s hub · I-85 access

The county seat and Christy’s busiest market by a wide margin — affordable single-family across Hudson Oaks, Southwood, and the FUSE District revitalization.

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