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Lake Norman Real Estate Search

305 Sams Trail
Dallas, North Carolina NC28034
30,488 sqft

Facts

Listing ID3652556
StatusPending
SqFt 30,488
Acres 22.520
CountyGaston
Year Built1985
Property TypeResidential Income
Property Sub TypeApartment

Remarks

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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The data relating to real estate on this Web site derive in part from the Canopy MLS. IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Lake Norman Mike nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Proprietary Information © 2023 Canopy MLS. All Rights Reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Canopy MLS. Some IDX listings have been excluded from this website. Based on information submitted to the MLS GRID as of Wednesday, March 22nd, 2023 at 04:47:31 PM. 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 displayed may be listed or sold by various participants in the MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Digital Millennium Copyright information can be found here.
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Listed by: Keller Williams Select 205-919-0533
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Driving Directions

Lake Norman Mike :: Lake Norman Real Estate Agent is located on 19901 W Catawba Ave #104 Cornelius.

From Charlotte Douglas International Airport (CLT) head south on Josh Birmingham Pkwy and keep right to continue on Old Dowd Rd.

Then at the traffic circle, take the 1st exit and stay on Old Dowd Rd and turn right onto Marshall Dr. Next, turn left at the 1st cross street onto US-29 S/US-74 W/Wilkinson Blvd and turn left onto the ramp to Interstate 485 Inner N/Spartanburg.

After that use the middle lane to keep left at the fork and follow signs for I-85 S S/Gastonia/Spartanburg/I-485 N Inner N/Statesville.

At this point keep right at the fork, follow signs for Interstate 485 Inner N/Statesville and merge onto I-485 Inner.

Merge onto I-485 Inner and head straight for 11 miles. Then use the right 2 lanes to take exit 23A-B toward Statesville and merge onto I-77 N. Next, take exit 28 to merge onto US-21 S/Catawba Ave and merge onto US-21 S/Catawba Ave.

Finally, turn right onto Knox Rd and turn left onto Nautique Blvd. Turn left onto Knox Road Extension and Lake Norman Mike :: Lake Norman Real Estate Agent will be on your left.

SOLD!

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