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000 Willow Cove Dr
Winston-Salem, NC 27107
Land For Sale
·
42.50 AC
Investment Highlights
- 22 income producing units.
- City has already approved a 9 building 291 unit 55+ apartment complex.
- Close to Salem Lake.
Property Facts
| Property Type | Land | Total Lot Size | 42.50 AC |
| Property Subtype | Residential | No. Stories | 1 |
| Proposed Use | Apartment Units | ||
| Zoning | RM-18 | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 42.50 AC |
| No. Stories | 1 |
| Zoning | RM-18 |
Description
Unique and rare find in Winston Salem. Amazing opportunity to own 42.5 acres with 22 income producing units and room to add more near Salem Lake. Property is former location of Baptist Retirement Home which has been removed. The hard work has been done for you and is ready to be developed. There are currently 9 duplexes (18 units) and one quadplex (4 units), some of which have been recently renovated. There is beautiful lake full of wildlife which can be seen from most units. Currently zoned RM18 so therefor no need for rezoning. City has already approved a 9 building 291 unit 55 and up apartment complex to be built on part of the property.
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,059,200 | |
| Land Assessment | $1,422,500 | Total Assessment | $2,481,700 |
Property Taxes
Parcel Numbers
Land Assessment
$1,422,500
Improvements Assessment
$1,059,200
Total Assessment
$2,481,700
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