820 W 7th St - Apartments FOR SALE


Winston-Salem, NC 27101- Crystal Towers-East
$1,600,000 USD
704-935-7026
820 W 7th St, Winston-Salem, NC for Sale
$1,600,000 USD
Apartments - FOR SALE
1/26
null | Request Cap Rate

820 W 7th St
Winston-Salem, NC 27101
Crystal Towers-East


OVERVIEW

Northmarq is pleased to present the exclusive offering of Sterling Pointe, a 16-unit multifamily asset centrally located in Winston-Salem, NC. The property consists of 12 fully renovated units and 4 partially renovated units, positioning new ownership to capitalize on both organic rent growth and a light value-add opportunity. With the 2 BR market average at $1,323 and top competitor at $1,395, there is a clear path for new ownership to command $310+ rent premiums above current in-place rents, with minimal capital required to unlock full potential. Situated in the heart of Winston-Salem, Sterling Pointe offers direct access to over 167K jobs and sits just minutes from major employment drivers, including Innovation Quarter and the recently announced JetZero facility. The property also qualifies for full property tax exemption through North Carolina’s affordable housing program, a rare advantage, with in-place rents already meeting program thresholds. This unique combination of income upside, tax efficiency, and proximity to transformational development makes Sterling Pointe a compelling opportunity to invest in one of the Triad’s most dynamic and evolving submarkets.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$96 USD /SF

# OF UNITS

16

PRICE/UNIT

$100,000

CAP RATE

Request Cap Rate

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sterling Pointe

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

RM18

APN/PARCEL ID

6825-88-9536

ASK ABOUT THIS PROPERTY

Matthew WeinsteinNorthmarqMore Info
704-935-7026

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Matthew WeinsteinNorthmarqMore Info
704-935-7026

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.