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$1,299,000
301 S Summey St, Dallas, NC 28034
20 Beds
10 Baths
7,200 SqFt

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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%!
  • Price:
  • $1,299,000
  • Bedrooms:
  • 20
  • Full Baths:
  • 10
  • Square Footage:
  • 7,200
  • Acreage:
  • 1.74
  • Year Built:
  • 1969
  • Listing ID #:
  • CAR3876260
  • Street Address:
  • 301 S Summey St
  • City:
  • Dallas
  • State:
  • North Carolina
  • Postal Code:
  • 28034
  • County:
  • Gaston
  • Listing Status:
  • Active
  • Listing Type:
  • Residential Income
  • Approximate Total Liveable Area:
  • 7200
  • Construction Description:
  • Vinyl Siding
  • Construction Type:
  • Site Built
  • Flooring:
  • Carpet, Tile, Vinyl, Wood
  • Foundation:
  • Crawl Space
  • Number Of Units:
  • 10
  • Rent Includes:
  • Exterior Maintenance
  • Structure:
  • Apartments
  • Total Building Square Footage:
  • 7200
  • Year Built:
  • 1969
  • Lot Features:
  • Cul-De-Sac
  • Lot Size:
  • 1.74
  • Lot Size Units:
  • Acres
  • Zoning Description:
  • Rmf
  • Days On Market:
  • 5
  • Originating Mls:
  • Carolina
  • Terms:
  • Cash, Conventional
  • Tenant Pays:
  • All Utilities
  • Parking Description:
  • Parking Space - 2
  • Appliances:
  • Microwave, Oven, Refrigerator
  • Existing Water:
  • Public
  • Heating:
  • Heat Pump, Heat Pump
  • Laundry:
  • Main Level, In Kitchen
  • Sewage Type:
  • Public Sewer
  • Listing Provided By Espin Realty
  • NCCANOPY
2
out of 5

Carr Elementary School
Public
School Grade Level PRESCHOOL-5
School Students 700 students
School Teachers 17 student/
teacher
2
out of 5

North Gaston High School
Public
School Grade Level 9-12
School Students 1096 students
School Teachers 17 student/
teacher
n/a

W.C. FRIDAY
Public
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

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