305 Sams Trail, Dallas, NC 28034 | 3652556 | Ivester Jackson Blackstream

305 Sams Trail $3,150,000

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    305 Sams Trail Dallas, NC 28034

    • 0 Beds
    • 0 Baths
    • 30,488 sq. ft.
    • Multi-Family
    • MLS# 3652556
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    Views: 115 Days On Site: 434

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    Property Details

    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.

    • General Features
      • New Construction Y/N false
      • Pets Allowed Conditional
      • Year Built 1985
    • Building Features
      • Building Area Total 30488
      • Below Grade Finished Area 0
      • Appliances Cable Prewire, Ceiling Fan(s), Electric Cooktop, Oven, Refrigerator
      • Flooring Carpet, Laminate, Tile, Vinyl, Vinyl
      • Heating Heat Pump, Heat Pump
      • Living Area 30488
    • Property Features
      • Sewer Septic Installed
      • Parking Features Attached Garage,Carport - 2 Car,Garage - 2 Car,Parking Space - 4+,Other
    • Schools
      • Middle Or Junior School Unspecified
      • High School Unspecified
      • Elementary School Unspecified

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    Neighborhood

    28034 (Dallas) Demographics

    41 Median Age
    380 Population Density (per sq. mile)
    24% College Educated
    $48,132 Estimated Median Income
    4,584 Estimated Total Home Owners
    1,819 Estimated Total Renters
    72% / 28% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    17,386 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $289,000 Median Sales Price
    39 Homes Sold
    29 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $3,150,000
        8/17/2020 1:16:00 PM New in Database Source: Multiple Listing Service New Value: $3,150,000

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        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        IDX Based on information submitted to the MLS GRID as of 10/25/2021 7:00:26 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. © 2021

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.