Northmarq is pleased to present the exclusive offering of Providence Square Apartments, a 30-unit community located in Winston-Salem, NC. Built in 1959, the property sits just north of downtown with direct access to US-52 via Northwest Boulevard, offering residents convenient access to major employment hubs, lifestyle amenities, and Winston-Salem’s vibrant city core—ranked among the Top 10 Downtowns in the U.S. and part of a Top 100 Best Places to Live metro. In addition to its strategic location, Providence Square presents incoming ownership with an enticing value-add opportunity. A targeted renovation scope of approximately $9,000 per unit is projected to drive rent premiums of $250 to $360 above current in-place levels—closing the gap to competing properties and enhancing investor returns. Moreover, current rents fall $450 to $580 below the 80% AMI thresholds (inclusive of utility allowances), positioning the asset for North Carolina’s Affordable Housing Tax Abatement Program. Ownership may qualify for more than $16,000 in annual tax savings while continuing to push rents within program compliance.