301 S Summey Street
Dallas, NC 28034

  • 20 beds
  • – baths
  • 7,200 sqft
  • ~2 acre lot
  • $179 per sqft
  • 1969 build
  • on site

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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%!

Canopy MLS logo Listing courtesy of CMLS / Espin Realty

Last checked: Checking… • Last updated Aug 3, 2023 •

MLS# 3876260 —

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Sale history

Date Event Source Price % Change
8/10/22
Sold CMLS $1,289,000 -0.8%
7/7/22
Pending CMLS $1,299,000
6/23/22
Listed / Active CMLS $1,299,000 123.2% (64.0% / YR)

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Multifamily Sold on 8/10/2022

$1,289,000

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Based on information submitted to the MLS GRID as of 5/12/2024 2:48 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 may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Some IDX listings have been excluded from this website. Listings courtesy of Canopy MLS as distributed by MLS GRID.

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