Map of Property

RTJJ Portfolio

For Sale

207 N Morris St, Gastonia, NC 28052

This Gastonia property for sale is located at 207 N Morris St. Contact the listing broker for details on the current sale price for RTJJ Portfolio.

Contacts

Alex Rossitch

Aline Capital

Property Details

  • Property Type Multi-Family
  • Property Size 75,444 SF
  • Units 141
  • Date Updated Sep 18, 2026
Gastonia, NCAline Capital presents the R.T.J.J. Portfolio, a 141-unit rental portfolio spanning 45 parcels and approximately 14.66 acres in Gastonia, North Carolina. Comprising multifamily properties and single-family rentals, the portfolio offers immediate scale within the Charlotte metropolitan area, with reported occupancy of 93% and average in-place monthly rents of $954. The investment opportunity centers on improving operating performance through more efficient management, expense controls, and phased utility reimbursements. The offering’s underwriting identifies approximately $325,500 in potential annual operating expense savings and projects approximately $284,800 in annual utility reimbursements by Year 5. With in-place rents closely aligned with the memorandum’s estimated market rents, the business plan emphasizes operational improvements, vacancy leasing, and organic rental growth. Offered on a subject-to-offer basis, the portfolio provides an opportunity to acquire an established rental operation with multiple avenues for income enhancement.
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Highlights

  • 14.66 Acres: Portfolio includes multifamily properties and single-family rentals across 52 addresses.
  • 141 Units Across 45 Parcels: Immediate portfolio scale in Gastonia within the Charlotte metropolitan area.
  • 93% Reported Occupancy: Established rental base with average in-place rents of $954 per month.
  • Clustered Locations: Multiple properties concentrated along the same streets and within nearby neighborhoods, supporting coordinated management and maintenance.
  • Operational Upside: Underwriting targets approximately $325,500 in annual expense savings through management and cost efficiencies.
  • Rents Aligned With Market: Average in-place rents of $954 versus the memorandum’s estimated market rent of $957.
  • Subject to Offer: Opportunity to acquire the portfolio through a competitive offering process.
  • Untapped Utility Recovery: Approximately $350,900 in trailing annual utility costs with no reported reimbursements; underwriting projects $284,800 in annual recovery by Year 5.

Getting around

  • 54/100

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  • 42/100

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Location

  • City Gastonia, NC
  • Neighborhood Highland Park
  • Zip Code 28052
  • Market Charlotte

Points of Interest

  • QuikTrip

    0.72 miles

  • Citgo

    1.07 miles

  • Kangaroo

    1.42 miles

  • Murphy USA

    1.95 miles

  • Speedway

    2.02 miles

  • Southern Star

    2.47 miles

  • Fastop

    2.52 miles

  • Shell

    3.17 miles

  • Linwood Road Access

    4.81 miles

  • Midtown Moter Inn

    0.35 miles

  • The Esquire Hotel, Ascend Hotel Collection

    0.39 miles

  • The York Chester Inn

    0.46 miles

  • Quality Inn

    1.13 miles

  • WoodSpring Suites Charlotte Gastonia

    1.30 miles

  • Motel 6 Gastonia, NC

    1.39 miles

  • Red Carpet Inn & Suites

    1.40 miles

  • Holiday Inn Express Charlotte West - Gastonia

    1.41 miles

  • Rodeway Inn

    1.95 miles

  • Hill Top Motel

    2.23 miles

  • Save-A-Lot

    0.36 miles

  • Food Lion

    0.98 miles

  • Walmart Supercenter

    2.09 miles

  • Wow Supermarket

    2.22 miles

  • Big Lots

    2.27 miles

  • Eastridge Mall

    2.37 miles

  • ALDI

    2.46 miles

  • Lidl

    2.56 miles

  • Target

    2.89 miles

  • Ingles

    3.39 miles

Contact Listing Broker
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