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301 S Summey ST Dallas, NC 28034
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Key Details
Sold Price $1,289,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 7,200 sqft
Price per Sqft $179
MLS Listing ID 3876260
Sold Date 08/10/22
Bedrooms 20
Full Baths 10
Year Built 1969
Lot Size 1.740 Acres
Acres 1.74
Lot Dimensions 66x62x87x121x61x231x210x211x153x
Property Description
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%!
Location
State NC
County Gaston
Zoning RMF
Interior
Heating Heat Pump
Cooling Heat Pump
Flooring Carpet, Tile, Vinyl, Wood
Appliance Electric Water Heater, Microwave, Oven, Refrigerator
Exterior
Parking Type Parking Space(s)
Building
Lot Description Cul-De-Sac
Foundation Crawl Space
Sewer Public Sewer
Water City
Structure Type Vinyl
New Construction false
Schools
Elementary Schools Carr
Middle Schools W.C. Friday
High Schools North Gaston
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with Gina Fritz • SECU*RE Inc.
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