20 Beds

10 Full baths

7,200 SqFt

Active

Awesome investor opportunity in Dallas NC. Convenient location close to shopping and entertainment. 5 duplexes on 1.74 acres. Plenty of land to add more units! 9 out of 10 units were remodeled in 2020. Current annual rents are $103,200. Current rents are below market. Tenants are responsible for all utilities and all units have their own meters. All units have washer and dryer connections. Owners expenses: Annual property taxes - $4808, Annual insurance - $2070, Annual landscaping - $2590. Annual property management - $9288. Professional Property management in place and is willing to continue to manage should the new owner have interest. Approximate Cap rate 6.50%!

Property Details
Price $1,299,000
Bedrooms 20
Full Baths 10
Lot Size 66x62x87x121x61x231x210x211x153x
Lot Size Area 1.74
Lot Size Area Units Acres
Property Type MultiFamily
MLS Sub type Multi-Family
Year Built 1969
Heating Heat Pump, Heat Pump
Foundation Crawl Space
Lot Description Cul-De-Sac
Laundry Features Main Level, In Kitchen
Parking Description Parking Space - 2
Geographic Data
County Gaston
Latitude 35.311694
Longitude -81.166384
Address Information
Address 301 S Summey Street, Dallas, NC 28034
Postal Code 28034
City Dallas
State NC
Country United States
Listing Information
Listing Office Espin Realty
Listing Office Phone 704-489-4663
Listing Agent Gary Espin
Listing Agent Phone 704-241-4404
Special listing conditions None
Terms Cash, Conventional
Virtual Tour URL https://properties.myhouselens.com/ub/59844/302%20South%20Summey%20Street,%20Dallas,%20NC%2028034
School Information
Elementary School Carr
Middle School W.C. Friday
High School North Gaston
MLS Information
Days on market 6
MLS Status Active
Listing Date Jun 23, 2022
Listing Last Modified Jun 30, 2022
Tax ID 132714
MLS # CAR3876260

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