927 Apple St - Multi-Family FOR SALE


Winston-Salem, NC 27101- Wachovia Highlands
$335,000 USD
927 Apple St, Winston-Salem, NC for Sale
$335,000 USD
Multi-Family - FOR SALE
1/15
null | 10.63% Cap Rate

927 Apple St
Winston-Salem, NC 27101
Wachovia Highlands


OVERVIEW

Cash-Flowing 5BR/4BA Investment Property – Prime Winston-Salem Location Rare opportunity to own a late 1800’s property with multiple income streams within walking distance from downtown Winston-Salem, Truist Stadium, Old Salem, Carolina University, and local restaurants/coffee shops. Currently leased with 4 tenants in place: 2 Occupied En-suite bedrooms at $750/month each (1 Bdrm, 1 Bath) 1 En-suite bedroom transferring vacant (projected $850/month) 1 Occupied Guest suite rented long-term at $1,200/month (2Bdrm 1 Bath) Total current rent: $2,700/month, with immediate upside to $3,550/month once fully occupied. Key features: All 4 units have their own separate bathroom Flexible use: long-term rental, Airbnb/VRBO, bed & breakfast, or student housing Windows & roof under 9 years old Spacious porch + ample rear parking Walking distance to downtown attractions & campus Strong rental history, prime location, and multiple exit strategies make this a must-see investment!!

FOR SALE DETAILS

PRICE

$335,000 USD

PRICE/SF

$157 USD /SF

# OF UNITS

4

PRICE/UNIT

$83,750

CAP RATE

10.63%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1885

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RM5

APN/PARCEL ID

6825-93-9543

ASK ABOUT THIS PROPERTY

Derron PottsJPAR Legacy GroupMore Info

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Derron PottsJPAR Legacy GroupMore Info

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