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1631-1641 W Northwest Blvd
Winston-Salem, NC 27104 West Highlands

$3,500,000 USD

Apartments For Sale  •  42,447 SF

Property Details

  • Property Type Apartments
  • Total Building Size 27,000 SF
  • Lot Size 1.14 AC
  • Building Class C
  • Year Built 1956
  • Zoning RM18
0 Transit Score
59 Walk Score

Highlights

ONLY $77K PER UNIT VALUE-ADD MULTIFAMILY with 45 units just outside downtown Winston-Salem, North Carolina
8.66% PROFORMA CAP RATE with significant growth potential
OVER 30% AVERAGE RENTAL UPSIDE based on local rent comps for 1-BR units
DIRECTLY IN THE PATH OF PROGRESS with upscale housing and shopping including Publix, Whole Foods & Trader Joe's right around the corner
READY FOR NEW OWNER TO CAPITALIZE by updating the units and maximizing rents

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Tenant Controlled HVAC
  • Washer/Dryer
  • Heating
  • Smoke Free
  • Trash Pickup - Curbside
  • Security System
  • Refrigerator
  • Range
  • Carpet
  • Walk-Up
  • Smoke Detector

Public Transportation

AirportDriveWalkDistance
Piedmont Triad International 36 min - 25.0 mi

Parking Details

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