33-Unit Multifamily
204 Sams Trail Dallas, NC 28034
204 Sams Trail, Dallas, NC, 28034
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For Sale
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Turnkey 33-unit, 11-building multifamily property built in 1985 and renovated in 2019 on 22 acres.
Lot Size2.00 Acres
Days on Market102
Property Features for 204 Sams Trail
General Information
- Standard status
- Active
- Lot size
- 2.00 Acres
- Property subtype
- Multifamily
Listing agency
Waller Group Homes
(214) 818-4109
Listed by
Logan Waller · License #TX 0479147
Source
Crexi
Added: Apr 12 Updated: Jul 22 at 9:22AM Checked: Jul 22 at 9:22AM
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Investment Insights
Based on property information with market context.
Jefferson Hill Properties is a turnkey, contiguous 33-unit multifamily offering on 22 acres. Built in 1985 and renovated in 2019, the property is arranged across 11 buildings consisting of 6 duplexes, 3 single-family homes, 1 triplex, 18 townhomes, and 3 one-bedroom, one-bath units connected to the townhomes.
Recent capital improvements include approximately $460,000 in expenditures since 2019, with roof replacements on 5 of the 11 buildings, HVAC replacements on 7 of 33 units, and interior renovations across all 11 buildings except 2 units. Those two remaining units include 1 townhome and 1 one-bedroom; interior completion would require flooring, with full renovation estimated at approximately $5,000 per unit plus any HVAC replacement costs.
The current property is described as consistently 100% occupied, with management currently available to remain on site at an 8% fee until new management can be streamlined. Located in Dallas, North Carolina, the asset is noted as approximately a 45-minute commute to Charlotte and within the Gaston County submarket.
Recent capital improvements include approximately $460,000 in expenditures since 2019, with roof replacements on 5 of the 11 buildings, HVAC replacements on 7 of 33 units, and interior renovations across all 11 buildings except 2 units. Those two remaining units include 1 townhome and 1 one-bedroom; interior completion would require flooring, with full renovation estimated at approximately $5,000 per unit plus any HVAC replacement costs.
The current property is described as consistently 100% occupied, with management currently available to remain on site at an 8% fee until new management can be streamlined. Located in Dallas, North Carolina, the asset is noted as approximately a 45-minute commute to Charlotte and within the Gaston County submarket.
Key Highlights
- 33‑unit, 11‑building contiguous multifamily property built in 1985 and renovated in 2019
- Unit mix includes 6 duplexes, 3 single‑family homes, 1 triplex, 18 townhomes, plus 3 one‑bed, one‑bath connected to townhomes
- 22 acres of land with efficiencies supported by recent renovations and the existing single‑family unit mix
Property Analytics
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Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Turnkey 33-unit, 11-building multifamily property built in 1985 and renovated in 2019 on 22 acres.
Where is this apartment building located?
The property is located at 204 Sams Trail Dallas, NC.
What are key features of this property?
This property features: 33‑unit, 11‑building contiguous multifamily property built in 1985 and renovated in 2019; Unit mix includes 6 duplexes, 3 single‑family homes, 1 triplex, 18 townhomes, plus 3 one‑bed, one‑bath connected to townhomes; 22 acres of land with efficiencies supported by recent renovations and the existing single‑family unit mix
