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Winston-Salem Aspire Portfolio 10 Specialty Properties Offered at $1,415,000 in Winston-Salem, NC



Executive Summary
152K + Annual income. 10 home portfolio offered are all rented and on the Aspire program formerly Housing Authority of Winston Salem. The houses are on a 3yr auto renew lease. These houses are subsidized through this program and 86% of the monthly income is paid by Aspire, the other 14% is paid by the tenants based on income. These houses get inspected annually to comply with the Housing Standards set forth by the program. These houses have been well maintained and have had many capital improvements over the last 3-5 years. These include roofs, siding, gutters, windows, kitchen cabinets, counters, bathroom vanities, plumbing fixtures, etc. We are currently requesting rent increases to boost the monthly income.
Property Facts
| Price | $1,415,000 | Status | Active |
| Price / SF | $153.80 / SF | Number of Properties | 10 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 8.41% | Total Building Size | 9,200 SF |
| Sale Type | Investment | Total Land Area | 2.30 AC |
| Price | $1,415,000 |
| Price / SF | $153.80 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 8.41% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 10 |
| Individually For Sale | 0 |
| Total Building Size | 9,200 SF |
| Total Land Area | 2.30 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2325 Okalina Ave, Winston-Salem, NC 27105 | Specialty | 1,274 SF | 1937 | - |
| 216 Miami Ave, Winston-Salem, NC 27101 | Specialty | 1,130 SF | 1942 | - |
| 2904 Woodleigh St, Winston-Salem, NC 27127 | Specialty | 1,043 SF | 1928 | - |
| 4025 Sheraton St, Winston-Salem, NC 27105 | Specialty | 1,036 SF | 1941 | - |
| 2408 Dunbar St, Winston-Salem, NC 27105 | Specialty | 928 SF | 1920 | - |
| 1546 Argonne Blvd, Winston-Salem, NC 27107 | Specialty | 864 SF | 1957 | - |
| 4051 Shamel St, Winston-Salem, NC 27105 | Specialty | 823 SF | 1941 | - |
| 2314 Waterbury St, Winston-Salem, NC 27107 | Specialty | 800 SF | 1966 | - |
| 2737 Dudley St, Winston-Salem, NC 27107 | Specialty | 690 SF | 1955 | - |
| 3615 Hemlock Dr, Winston-Salem, NC 27105 | Specialty | 612 SF | 1949 | - |
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Winston-Salem Aspire Portfolio
