Nu Gastonia

About Nu Gastonia

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Nu Gastonia, an 82-unit apartment community located in Gastonia, NC. The asset is strategically situated within a submarket that is highlighted by rent growth (46.50% since 2018) and an accessible workforce. Nu Gastonia boasts 19.94M SF of industrial space within a 5-mile radius and premier access to I-85 & NC-74 which provides connectivity throughout the region as well big box retailers including Target, Walmart, and Walgreens. Built in 1970, Nu Gastonia represents an outstanding opportunity to invest in the rapidly expanding Gaston County submarket with a high rent growth projection (21.90% average through 2029) and meaningful renter population (53%). Current ownership has infused $1.5M into the property for both exterior and interior renovations, priming the property for a value-add 2.0 program. Upon completion, new ownership can add stainless appliances, tile backsplash, and smart home features to further bridge the gap between the property and surrounding new product ($325+ rental headroom), cementing Nu Gastonia as the top middle market option in the submarket.