301 S Summey Street

Dallas, NC, 28034

$1,299,000

$180 per ft²
$1,299,000
$180 per ft²
Active
Active
 - For Sale
beds
20 Beds
baths
10 Baths
carpenters-square
7,200 ft²
property_type
Multi-family
calendar
Built 1969
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%!
MLS® ID:
3876260
Listed:
6/22/22
Updated:
7/5/22

Interior Features

Kitchen Appliances
Microwave, Oven, Refrigerator
Total Bedrooms
20
Full Bathrooms
10
Laundry Description
Main Level, In Kitchen
Floor Description
Carpet, Tile, Vinyl, Wood
Heating
Heat Pump, Heat Pump

Exterior/Building Features

Lot Size
1.74 acres lot
Architectural Style
Apartments
Lot Details
Cul-De-Sac
Sewer
Public Sewer

School Information

High School
North Gaston
Middle/Jr High
W.C. Friday
Elementary School
Carr

Other Property Details

Garage
No
Parking
Parking Space - 2
View
N
County
Gaston
Water Source
Public
Pool
No

Courtesy of Gary Espin, Espin Realty

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