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1311 N Main St
Winston-Salem, NC 27105 Providence Square

$1,895,000 USD

Apartments For Sale  •  22,016 SF

Property Details

  • Property Type Apartments
  • Total Building Size 22,016 SF
  • Lot Size 1.33 AC
  • Building Class C
  • Year Built 1959
  • Zoning RM18
0 Transit Score
47 Walk Score

Highlights

7.2% CAP ON 2025 YEAR END and a whopping 9.6% CAP on Stabilized numbers for this 30-unit multifamily by downtown Winston-Salem
EXCELLENT VALUE-ADD WITH 9.6% TARGETED STABILIZED CAP based on current average rents at 95% occupancy
TREMENDOUS UPSIDE WITH OPPORTUNITY FOR 30% REVENUE BUMP and over 11% CAP Rate based on Proforma projections
ACTIVE NEIGHBORHOOD REVITALIZATION with new property owners and several renovation/reconstruction projects in the works
ON THE CUSP OF MAJOR FUTURE DEVELOPMENT with Innovation Quarter nearby, an existing $841M public-private mixed use project

Public Transportation

AirportDriveWalkDistance
Piedmont Triad International 36 min - 24.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 30
Type: Surface
Included in Rent: Yes
Mike Siciliano 919-610-2695 Apartment Core
Mike Siciliano 919-610-2695 Apartment Core