Gastonia · Gastonia, NC
107 Drake Street
Gastonia, NC · 952 sqft
$142,500
- 2Beds
- 2Baths
- 952SqFt
- 1930Year
- 1Days on market
About this home
Unlock the potential at 107 Drake Street! This unique property offers multiple possibilities for investors, owner-occupants, or anyone looking for flexible living space. The home is currently arranged with two separate living areas, each with its own entrance, while sharing a common laundry space. Although not legally classified as a duplex, the current layout provides an opportunity for rental income, extended family living, or a creative owner-occupied setup.
One side requires minimal work to be occupied, while the other presents an opportunity to add value through updates and improvements. A detached two-car garage adds even more versatility, whether used for storage, a workshop, parking, or future income-producing possibilities.
Positioned in a convenient Gastonia location, you'll enjoy easy access to downtown amenities, restaurants, shopping, and the ongoing investment and redevelopment taking place throughout the area. Whether you're looking for your next project, a long-term rental, or a property with income potential, this one deserves a closer look.
Property is being sold as-is. Buyer to verify all uses, configurations, and intended use of the property.
Property details
- Beds
- 2
- Baths
- 2
- SqFt
- 952
- Lot
- —
- Year built
- 1930
- Type
- Single Family
- Days on market
- 1
- Garage
- 2
- Heating
- Ductless
- Cooling
- Ductless
- Foundation
- Crawl Space
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$1,025/ month
- Principal & interest
- $882
- Property tax (~0.85%)
- $100
- Homeowners insurance
- $41
- HOA dues
- —
Down payment
$7,125 down · $135,375 financed
Income to qualify (28% rule)
~$43,930 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. John can introduce you to lenders he 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.
