305 Sams Trail

Dallas, NC, 28034

$3,150,000

$103 per ft²
$3,150,000
$103 per ft²
Pending
Pending
 - For Sale
carpenters-square
30,488 ft²
property_type
Multi-family
calendar
Built 1985
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.
MLS® ID:
3652556
Listed:
8/16/20
Updated:
9/28/22

Interior Features

Kitchen Appliances
Cable Prewire, Ceiling Fan(s), Electric Cooktop, Oven, Refrigerator
Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Main Level
Floor Description
Carpet, Laminate, Tile, Vinyl, Vinyl
Heating
Heat Pump, Heat Pump

Exterior/Building Features

Lot Size
22.52 acres lot
Exterior Features
Outbuilding(s), Workshop
Architectural Style
Apartments
Sewer
Septic Installed

School Information

High School
Unspecified
Middle/Jr High
Unspecified
Elementary School
Unspecified

Other Property Details

HOA Amenities
Playground, Walking Trails
Garage
No
Parking
Attached Garage, Carport - 2 Car, Garage - 2 Car, Parking Space - 4, Other
View
N
County
Gaston
Water Source
Well
Pool
No

Courtesy of Morgan Kunz, Keller Williams Select

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