🔥 Dallas, NC. Gaston County. Single family bungalow. 2 bed / 1 bath + attic bonus room. 672 sq ft on a third of an acre. Sold comps averaging $157K — priced at $95K. Tenant already paying $1,000/mo from day one. 🔥
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💰 Asking: $95,000 | Comp Average: ~$157,000 | 🔥 Spread: ~$62,000
🏠 Property Details
| Type | Single Family Home |
| Bedrooms / Baths | 2 bed / 1 bath + attic bonus room |
| Living Area | 672 sq ft |
| Year Built | 1920 |
| Lot Size | 0.32 acres |
| Utilities | City Water & Sewer |
| Occupancy at Closing | ✅ Vacant at closing |
| Closing Date | April 15, 2026 |
| Closing Attorney | Atlas Orange |
🔧 Condition Notes
Roof approximately 5 years old. Electrical updated 2 years ago. Bathroom and paint updated approximately 6 years ago. Water heater is approximately 10 years old. No central HVAC — factor this into your numbers. Currently tenant-occupied on a week-to-week lease at $1,000/month; tenant will vacate at closing.
📊 Comparable Sales
| Address | Sq Ft | Sale Price | Price/Sq Ft | Notes |
|---|---|---|---|---|
| 314 S Holland St, Dallas | 794 | $175,000 | $220/sq ft | Sold |
| 507 S Maple St, Dallas | 936 | $174,000 | $186/sq ft | Pending |
| 106 E Robinson St, Dallas | 760 | $150,000 | $197/sq ft | Sold |
| 412 S Ridge St, Dallas | 790 | $147,000 | $186/sq ft | Sold |
| Comp Average (sold) | ~781 | ~$157,000 | ~$201/sq ft | |
| 🏷️ Our Price | 672 | $95,000 | $141/sq ft | |
| 💸 Your Spread | ~$62,000 |
Note: 507 S Maple St is pending and excluded from the sold average but included for active market context.
💡 Rental play: At $1,000/month, this property yields approximately 12.6% gross annually at the $95K ask. The tenant is already in place — you can keep them post-closing or cash out via resale into a market where similar-sized bungalows are trading at $147K–$175K.
⚠️ DISCLAIMER — Please Read Before Submitting an Offer
📋 Assignment of Contract
This is an assignment of contract. A legally binding purchase agreement with a memorandum has been executed with the Seller, granting this company exclusive rights to purchase the property. We are not brokers or realtors and do not represent the owner.
🚫 Do not contact the Seller directly. Any attempt to contact, interfere with, or circumvent our active contract will result in legal action. This property is not to be re-marketed without our explicit written consent and execution of a joint venture agreement.
🔍 Due Diligence
Buyers are responsible for their own due diligence. We are not licensed agents. Please consult appropriate legal or professional counsel before submitting an offer.
💰 Offer & Deposit Terms
- $5,000 non-refundable deposit due within 24 hours of signing
- Closing no longer than 30 calendar days
- Buyer pays all closing costs — not included in asking price
- Taxes prorated and split between parties
- $495 transaction fee payable to Bright Home Offer LLC
- Closing through our closing attorney
🏚️ As-Is Terms
Property is offered as-is, where-is, no warranties. By submitting an offer you accept these terms.
- ❌ No repairs or improvements prior to closing
- ❌ No clean-out or clean-up of any kind
- ❌ Property will not be broom clean at closing
🤝 Realtors & Wholesalers
The wholesale price does not include your commission or fee. You may either negotiate your fee directly with your client or adjust the wholesale price upward to account for it. If you’d like to be compensated by us, include those terms in your offer or reach out before submitting.