0 Beds
n/a Full bath
30,488 SqFt
Pending
An incredible investment opportunity in the growing city of Dallas. Updated 33 unit complex composed of 3 SFH, 3 duplexes, 2 sixplexes, 1 fiveplex, 1 fourplex, and 1 triplex on 22.5 acres of land. There are 2 vacant parcels included that offer a unique opportunity for expansion. Some units are still below market rent but have been renovated and could immediately be increased. Gross rents are over $313K with the potential to reach $360K by simply increasing rent as leases expire. Currently at 100% occupancy with pre leases at market rent through 10/2020 & a wait list of qualified tenants. Newly installed playground and picnic area with room to add a dog park. Brand new roof on 205 Sams trail home and a new roof to be completed on 305 Sams Trail at sellers expense prior to sale. New HVAC systems on many units. Centrally located just 30 minutes to Charlotte, 15 Minutes to Gastonia and Lincolnton. Please do not disturb the tenants. Listing agent is to accompany all showings.
Property Details | ||
|---|---|---|
| Price | $3,150,000 | |
| Lot Size Area | 22.52 | |
| Lot Size Area Units | Acres | |
| Acres | 22.52 | |
| Property Type | MultiFamily | |
| Sub type | Apartment | |
| MLS Sub type | Apartment | |
| Features | Attic Other, Cable Prewire | |
| Year Built | 1985 | |
| Heating | Heat Pump | |
| Foundation | Crawl Space, Slab, Other - See Remarks | |
| Laundry Features | Dryer Hookup, Main Level, Washer Hookup | |
| Parking Description | Carport, Attached Garage, Parking Space(s), Other - See Remarks | |
| Garage spaces | 2 | |
Geographic Data | ||
| Directions | North from Dallas on Philadelphia Church Road, Approximately 4 miles subject on left. | |
| County | Gaston | |
| Latitude | 35.364479 | |
| Longitude | -81.163916 | |
Address Information | ||
| Address | 305 Sams Trail, Dallas, NC 28034 | |
| Postal Code | 28034 | |
| City | Dallas | |
| State | NC | |
| Country | United States | |
Listing Information | ||
| Listing Office | Keller Williams Select | |
| Listing Office Phone | 704-684-1000 | |
| Listing Agent | Morgan Kunz | |
| Listing Agent Phone | 704-684-1000 | |
| Sub Agency Compensation Type | % | |
| Buyer Agency Compensation | 1 | |
| Attribution Contact | morgankunz@kw.com | |
| Sub Agency Compensation | 0 | |
| Buyer Agency Compensation Type | % | |
| Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
| Special listing conditions | None | |
| Terms | Cash, Conventional, Exchange, Lease Purchase, Owner Financing | |
School Information | ||
| Elementary School | Unspecified | |
| Middle School | Unspecified | |
| High School | Unspecified | |
MLS Information | ||
| Days on market | 34 | |
| MLS Status | Pending | |
| Listing Date | Aug 17, 2020 | |
| Listing Last Modified | Feb 8, 2023 | |
| Tax ID | 166769 | |
| MLS # | CAR3652556 | |
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This information is believed to be accurate, but without any warranty.
