Log In/Sign Up
1631-1641 W Northwest Blvd
Winston-Salem, NC 27104
1631 West Northwest · Multifamily Property For Sale
·
45 Units
Investment Highlights
- ONLY $77K PER UNIT VALUE-ADD MULTIFAMILY with 45 units just outside downtown Winston-Salem, North Carolina
- OVER 30% AVERAGE RENTAL UPSIDE based on local rent comps for 1-BR units
- READY FOR NEW OWNER TO CAPITALIZE by updating the units and maximizing rents
- 8.66% PROFORMA CAP RATE with significant growth potential
- DIRECTLY IN THE PATH OF PROGRESS with upscale housing and shopping including Publix, Whole Foods & Trader Joe's right around the corner
Property Facts
| No. Units | 45 | Lot Size | 1.14 AC |
| Property Type | Multifamily | Building Size | 27,000 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1956 |
| Building Class | C | ||
| Zoning | RM18 | ||
| No. Units | 45 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.14 AC |
| Building Size | 27,000 SF |
| No. Stories | 3 |
| Year Built | 1956 |
| Zoning | RM18 |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Security System
- Refrigerator
- Range
- Carpet
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 45 | - | 600 |
Property Taxes
| Parcel Number | 6825-45-2806 | Improvements Assessment | $2,031,800 |
| Land Assessment | $255,600 | Total Assessment | $2,287,400 |
Property Taxes
Parcel Number
6825-45-2806
Land Assessment
$255,600
Improvements Assessment
$2,031,800
Total Assessment
$2,287,400
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
