Tanya Knutson

305 Sams Trail Dallas, NC 28034

$3,150,000

Pending

Type
Multi-Family
Status
Pending
MLS#
CAR3652556
Number of Units
33

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.

Listing Brokerage Name

Keller Williams Select

Presented By

Tanya Knutson

(704) 868-4188


General

Type

  • Multi-Family

Number of Units

  • 33

Square Feet

  • 30,488

Parking

  • Attached Garage
  • Carport - 2 Car
  • Garage - 2 Car
  • Parking Space - 4+
  • Other

Year Built

  • 1985

Acreage

  • 22.52

List Date

  • Aug 17, 2020

Community Features

  • Playground
  • Walking Trails

Tenant Responsibilities

  • Cable TV
  • Electric Heat
  • Electricity

Schools

Elementary School

  • Unspecified

Middle School

  • Unspecified

High School

  • Unspecified

Interior

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl
  • Vinyl

Sewer Type

  • Septic Installed

Water Type

  • Well

Heating

  • Heat Pump
  • Heat Pump

Laundry

  • Main Level

Appliances

  • Cable Prewire
  • Ceiling Fan(s)
  • Electric Cooktop
  • Oven
  • Refrigerator

Exterior

Exterior Features

  • Outbuilding(s)
  • Workshop

Exterior Construction

  • Outbuilding(s)
  • Workshop

Select a Point of Interest and Distance from the search form.


Dallas is a small town in the heart of North Carolina with a rich history and plenty of present-day charm. This affordable area serves as a suburb of neighboring cities Gastonia and Charlotte.

 

Real Estate

Dallas real estate is particularly affordable, as the median home price is well below both the state and national average. Homes in Dallas vary in style, including traditional, Colonial, Craftsman, transitional and more. You will find everything from gorgeous restored historic properties to stunning new construction homes in Dallas, many of which enjoy spacious lots and beautiful natural surroundings. The affordability of this area makes Dallas a particularly desirable area to call home.

 

Lifestyle and Attractions

Dallas is a small town with a population under 5,000. This provides an intimate, tight-knit feel for residents and visitors alike, as the community is well-connected through annual events and its thriving local business community. Gastonia is situated just three miles to the south and Charlotte lies about 25 miles to the east — putting plenty of shops, restaurants and other big-city attractions within reach for Dallas residents. However, the community of Dallas has much to offer, especially along its downtown area, which is the historic center of the county. This well-preserved district contains more registered historic buildings than any area in the county. Other historic sites in Dallas include the Hoyle Historic Homestead, the Holland House and the Rhyne Store.

 

Residents of Dallas enjoy outdoor recreational activities at the Gaston County Park at Dallas, Robinson Catfish Lake, Lineberger Maple Spring Farms and Biggerstaff Park. Dallas holds a variety of annual events and festivals, including Cotton Ginning Days, Trick or Treat on the Square, a Fourth of July Fireworks Show, and Pops in the Park. Residents and visitors may learn about area history at the Gaston County Museum located in the center of the historic district. Residents of Dallas may travel to Gastonia and Charlotte for employment, as each city hosts large businesses such as Gaston County Schools and CaroMont Health in Gastonia, and Bank of America, Duke Energy, Carolinas Medical Center and Novant Health in Charlotte.

 

Nearby Schools and Higher Education

Dallas has four public schools in Gaston County Schools, including Costner Elementary, Carr Elementary, W.C. Friday Middle School and North Gaston High School. Tabernacle Christian Academy is the only private school located in Dallas, but there are a few others in surrounding areas. Gaston College is situated on the edge of Dallas, and there are a number of colleges and universities within reach in Charlotte and Gastonia.

 

History

German and Scots-Irish immigrants settled the area that is now Dallas in the 1750s. In 1863, Dallas was officially incorporated, making it Gaston County’s oldest incorporated town. It was named after George M. Dallas, the vice president of the United States under James K. Polk. When the county formed in 1846, no towns were located within its border, but it was decided that the county seat would be located no more than two miles from Long Creek Baptist Church, which is one mile east of Dallas’ historic square. Therefore, Dallas served as the county seat from 1846 until 1911, when Gastonia became the new seat.

 

Several of the original buildings still remain in Dallas, including the old Gaston County Courthouse, which was renovated after a fire in 1874 and now holds the police department. The Hoffman Hotel is now owned by Gaston County Museum and contains a variety of permanent and traveling exhibits. The downtown district in Dallas is listed on the National Register of Historic Places and holds more registered historic buildings than any area in the county.

 

Approximate Distance to:

 

Uptown Charlotte: 25 Miles

 

Charlotte Douglas International Airport: 17.5 Miles

 

Hospitals:

  • CaroMont Regional Medical Center: 5 Miles

  • Carolinas Medical Center: 24.5 Miles

  • Novant Health Presbyterian Medical Center: 26 Miles

 

Major Highways:

  • US-321: 1 Mile

  • I-85: 3 Miles


 

Allen Tate Mortgage
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NMLS #1433719
877-201-4732
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Presented By

Tanya Knutson

(704) 868-4188

Data last updated: 10/01/22 4:13 PM.
Some properties that appear for sale on this website may subsequently have been sold and may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified. School assignments are subject to change. Please consult with the appropriate school system for student assignment.

Based on information submitted to the MLS GRID as of 10/01/22 at 04:13:08 PM. Listings courtesy of Canopy MLS as distributed by MLS GRID. 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.