118 Ethel DR Stanley, NC 28164
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 9,947 sqft
Price per Sqft $150
MLS Listing ID 4365281
Bedrooms 24
Full Baths 12
Half Baths 12
Abv Grd Liv Area 9,947
Year Built 1973
Lot Size 0.780 Acres
Acres 0.78
Property Sub-Type Apartment
Property Description
Current rents average $973 providing ~$177/unit in upside to $1,150 for MTM agreements and as leases turn through 2026–2027, along with additional NOI growth through remaining renovations and the potential to own the washers and dryers in the common laundry. Located just 18 miles northwest of Uptown Charlotte with easy access to I-485 and I-85, Stanley continues to benefit from strong renter demand driven by its affordability and proximity to major employment hubs.
Location
State NC
County Gaston
Zoning APT02
Interior
Heating Central
Cooling Central Air
Appliance Electric Range, Refrigerator
Laundry Common Area
Exterior
Street Surface Asphalt,Paved
Garage false
Building
Dwelling Type Site Built
Foundation Crawl Space
Sewer Public Sewer
Water City
Structure Type Brick Partial,Vinyl
New Construction false
Schools
Elementary Schools Springfield
Middle Schools Stanley
High Schools East Gaston
Others
Pets Allowed Conditional
Senior Community false
Special Listing Condition None
Nearby Locations
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