Seller Financing - Lease to Own
Address
305 Sams Trail Dallas, NC
Price
$ 3,150,000
Property Attributes
  • ID#3652556
  • TypePending
  • CountyGASTON
  • CityDallas
  • AreaGaston County
  • Zip28034
  • Style
  • Price$ 3,150,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage30488
  • Lot Size22.52 Acres
Listing Provided Courtesy Of:
Keller Williams Select
Data Source:
Canopy MLS
Property Description

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.

Elementary School Middle School High School
Unspecified Elementary School Unspecified Middle School Unspecified High School
Price History
8/17/2020 Listed $3,700,000
9/4/2020 15% - $3,150,000

General Features

Additional Parcels Description 166761 166766 166767 166770
Appliances Cable Prewire, Ceiling Fan(s), Electric Cooktop, Oven, Refrigerator
Car Hoasubjectto None
City Dallas
Community Features Playground, Walking Trails
Construction Materials Brick, Brick Partial, Concrete, Shingle Siding, Vinyl Siding
Construction Type Site Built
County Gaston
Days on Market 34
Directions North from Dallas on Philadelphia Church Road, Approximately 4 miles subject on left.
Elementary School Unspecified
Exterior Features Outbuilding(s), Workshop
Flooring Carpet, Laminate, Tile, Vinyl, Vinyl
Heating Heat Pump, Heat Pump
High School Unspecified
Middle/Junior High School Unspecified
New Construction No
Pets Allowed Conditional
Property Features Attic Other, Porch/Patio, Range/Oven, Refrigerator, W/D Connection
Property SubType Multi-Family
Property Type Residential Income
Rent Includes Exterior Maintenance, Garbage Pick-up, Sewer, Water
Sewer Septic Installed
Standard Status Pending
Street Name Sams
Structure Type Apartments
TaxAssessedValue 1581270
Tenant Pays Cable TV, Electric Heat, Electricity
Total Units 33
Year Built 1985
Zoning Description R-1

Interior Features

Laundry Features Main Level
Living Area 30488
Street Suffix Trail
Water Heater Electric

Exterior Features

Building Area Total 30488
Foundation Details Slab, Crawl Space, Slab
Lot Size Area 22.52
Main Level Garage YN No
Parking Features Attached Garage, Carport - 2 Car, Garage - 2 Car, Parking Space - 4+, Other
Road Responsibility Private Maintained Road
Water Source Well

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 28034

Price
AVG $360K
$3.15M
Visits
AVG 87
312
Year Built
AVG 1998
1985

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