305 Sams Trail
$3,150,000 Under Contract - No Show

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.

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Basic Information
MLS#: 3652556
Price: $3,150,000
Square Footage: 30,488
Acreage: 22.52
Year Built: 1985
Number of Units: 33
Elementary School: Unspecified
Middle School: Unspecified
High School: Unspecified
Details
Waterfront/water view: No
Parking: Attached Garage,Carport - 2 Car,Garage - 2 Car,Parking Space - 4+,Other
Structure Type: Apartments
HVAC: Heat Pump,Heat Pump
Exterior Features: Outbuilding(s),Workshop
Listing Courtesy Of: Keller Williams Select

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