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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
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

Property Taxes

Parcel Numbers
Multiple
  • 6844-89-9775
  • 6844-99-0456
  • 6844-89-9846
  • 6845-90-1139
  • 6844-89-9907
  • 6844-99-4764
  • 6845-80-9099
  • 6844-99-2377
  • 6844-99-0989
  • 6844-99-4305
  • 6844-99-1451
Land Assessment
$1,422,500
Improvements Assessment
$1,059,200
Total Assessment
$2,481,700
  • Listing ID: 28262547

  • Date on Market: 4/18/2023

  • Last Updated:

  • Address: 000 Willow Cove Dr, Winston-Salem, NC 27107

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