What is the asking price for RTJJ Portfolio?

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What is the total size of RTJJ Portfolio?

The property has a total square footage of 75,444 SF.

How many parking spaces are available at RTJJ Portfolio?

Parking information for the property isn't currently listed. However, other nearby parking options include Linwood Road Access, located 4.81 miles away .

207 N Morris St, Gastonia, NC 28052

For Sale Subject To Offer
Property Type Multi-Family
Property Size 75,444 SF
Units 141
Date Updated Sep 18, 2026

Description

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.

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.