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
Property Type MultiFamily
MLS Sub type Multi-Family
Exterior Features Outbuilding(s), Workshop
Year Built 1985
Heating Heat Pump, Heat Pump
Foundation Slab, Crawl Space, Slab
Laundry Features Main Level
Parking Description Attached Garage, Carport - 2 Car, Garage - 2 Car, Parking Space - 4+, Other
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 205-919-0533
Special listing conditions None
Terms 1031 Exchange, Cash, Conventional, Lease Purchase, Seller 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 Jun 13, 2022
Tax ID 166769
MLS # CAR3652556

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This information is believed to be accurate, but without any warranty.