915 E 2nd St - Apartments FOR SALE


Winston-Salem, NC 27101- East Winston
$6,090,000 USD
336-671-2437
915 E 2nd St, Winston-Salem, NC for Sale
$6,090,000 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

915 E 2nd St
Winston-Salem, NC 27101
East Winston


OVERVIEW

Innovation Garden Apartments presents a compelling value-add opportunity in Winston-Salem’s expanding downtown Innovation Quarter area. The property consists of 70 two-bedroom, one-bathroom units across eight buildings, with separately metered utilities and more than $700,000 in completed capital improvements. Approximately half of the units have been renovated, achieving significant rental premiums, while the remaining units provide additional upside. The property is leasing up quickly and is well positioned for continued growth through renovations, improved occupancy, and increased market rents.

FOR SALE DETAILS

PRICE

$6,090,000 USD

PRICE/SF

$104 USD /SF

# OF UNITS

70

PRICE/UNIT

$87,000

CAP RATE

Request Cap Rate

% LEASED

79%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Garden Innovation Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RM-18

APN/PARCEL ID

6835-57-3068

ASK ABOUT THIS PROPERTY

Christian CourtneyGAC Management GroupMore Info
336-671-2437

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Christian CourtneyGAC Management GroupMore Info
336-671-2437

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