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414 E Wilkins St

1434 Unit Apartment Building $895,000 ($624/Unit) 3.61% Cap Rate Dallas, NC 28034

Investment Highlights

  • Long term tenants already in place.
  • Convenient to Hwy 321
  • Located in a growing Gaston County area.

Executive Summary

Two buildings with four apartments available for sale in quiet Gaston County community.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $895,000
Price Per Unit $624
Sale Type Investment
Cap Rate 3.61%
No. Units 1434
Property Type Multifamily
Property Subtype Apartment
Apartment Style Single Family Home
Building Class C
Lot Size 0.49 AC
Building Size 2,880 SF
Average Occupancy 100%
No. Stories 1
Year Built/Renovated 1967/2016

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Microwave
  • Washer/Dryer Hookup
  • Heating
  • Kitchen
  • Granite Countertops
  • Ice Maker
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Freezer

Site Amenities

  • Trash Pickup - Curbside

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 1434 $1,063 720

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
131936
Land Assessment
$20,000 (2024)
Improvements Assessment
$329,110 (2024)
Total Assessment
$349,110 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023

zoning

Zoning Code RMF (Residential)
RMF (Residential)
  • Listing ID: 32971378

  • Date on Market: 8/27/2024

  • Last Updated:

  • Address: 414 E Wilkins St, Dallas, NC 28034

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