$3,500,000 USD
919-610-2695
1631-1641 W Northwest Blvd
Winston-Salem, NC 27104
West Highlands
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
FOR SALE DETAILS
PRICE
$3,500,000 USD
PRICE/SF
$82 USD /SF
# OF UNITS
45
PRICE/UNIT
$77,778
CAP RATE
Request Cap Rate
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
1631 West Northwest
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1956
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.14 AC
LAND SF
49,506 SF
ZONING
RM18
APN/PARCEL ID
6825-45-2806
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919-610-2695
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919-610-2695
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