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204 Sams Trail

Dallas, NC 28034
$4,500,000
active

66
bed
37
full bath
18
half bath
30,488
total sqft

Property Description

An incredible investment opportunity in the growing city of Dallas. Completed 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. Gross rents are over 290K with the potential to reach $330K with rental increases. Currently at 100% occupancy with pre leases at market rent through 5/2020 & a waitlist of ten qualified tenants. Turn key units w/renovations that include carpet, vinyl floors, wood floors, paint, and crown molding. All three single family homes were brought down to the studs and have brand new cabinets, vanities, toilets, and everything listed above. Playground and picnic area will be installed prior to sale. 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.

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Property Facts

List Price
$4,500,000
Status
active
Beds
66
Full Bathrooms
37
Half Bathrooms
18
Listed Date
2020-03-22
Property Type
Multi Family
MLS Number
CAR3604059
Number of Units
33
New Construction
No

Unit Features

Ceiling Fan(s)
CO Detector
Electric Dryer Hookup
Electric Oven
Electric Range
Freezer
Plumbed For Ice Maker
Microwave
Oven
Refrigerator

Location

State
NC
City
Dallas
Zip
28034
County
Gaston
Elementary School
Kiser
Middle School
Cramerton
High School
Unspecified

Interior

Exterior

Additional Details

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Gaston County

Gaston County lies just west of Charlotte on western bank of the Catawba River. Gaston County has all types of living environments from classic small southern towns like McAdenville and Belmont to high end golf course and lake front communities.  Home of the U.S. National Whitewater Center and the U.S. Olympic Whitewater team and Daniel Stowe Botanical Gardens provide just a taste of the entertainment you can find in Gaston County.  Just minutes from Charlotte Douglas International...
Community Details

Gaston County Market Activity

Market Activity - March 2020

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Listing Office: Keller Williams Select
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