301 S Summey Street, Dallas NC, 28034

Sold

301 S Summey Street

Dallas NC, 28034

$1,289,000

$179.03 per sqft

Sold

20 Beds

10 Baths

7,200 sqft

Condo

Built in 1969

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%!

3876260

MLSⓇ ID

June 23, 2022

Listed

February 10, 2024

Updated

Map

301 S Summey Street
Dallas NC, 28034

Interior Features

Bedrooms: 20 Beds
Bathrooms: 10 Baths
Appliances: Electric Water Heater, Microwave, Oven, Refrigerator
Laundry Description: In Kitchen, Main Level
Floor Description: Carpet, Tile, Vinyl, Wood
Fireplace: No
Cooling: Yes
Cooling Description: Heat Pump
Heating: Yes
Heating Description: Heat Pump

Exterior/Building Features

Lot Size: 1.74 Acres
Lot Features: Cul-De-Sac
Sewer: Public Sewer

School Information

High School: North Gaston
Elementary School: Carr

Other Property Details

Days on Market: 14
Garage: No
Parking: Parking Space(s)
View: No
County: Gaston
Water Source: City
Pool: No
Buyer Agency Compensation: 2.5%

Courtesy of Espin Realty with Gary Espin,
Listing Contact: [email protected]

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