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1393 Chestnut Plains Ct
Winston-Salem, NC 27105
Hillside Garden · Multifamily Property For Sale
·
24 Units
Investment Highlights
- 7.4% CAP RATE on Trailing 3 Annualized Income with Proforma Expenses
- New roofs on all buildings, enhanced landscaping and parking lot improvements, updated leasing office and laundry facility
- Located on the cusp of major future development, less than 1 mile from The Innovation Quarter, an existing $841M public-private investment with 2.1M S
- Turnkey, recently renovated 24-unit multifamily with outstanding curb appeal and walking distance to downtown Winston-Salem, NC
- Recent upgrades to all units include new LVP flooring, modern paint schemes, LED lighting package, appliances and more
Property Facts
| No. Units | 24 | Lot Size | 1.62 AC |
| Property Type | Multifamily | Building Size | 20,952 SF |
| Property Subtype | Apartment | Average Occupancy | 92% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | B | Year Built/Renovated | 1990/2019 |
| Zoning | RM18 | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.62 AC |
| Building Size | 20,952 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built/Renovated | 1990/2019 |
| Zoning | RM18 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
- Patio
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Grill
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 24 | - | 850 |
Property Taxes
| Parcel Number | 6836-21-8957 | Improvements Assessment | $1,410,400 |
| Land Assessment | $141,000 | Total Assessment | $1,551,400 |
Property Taxes
Parcel Number
6836-21-8957
Land Assessment
$141,000
Improvements Assessment
$1,410,400
Total Assessment
$1,551,400
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