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1631 West Northwest 1631-1641 W Northwest Blvd 45 Unit Apartment Building $4,826,430 CAD ($107,254 CAD/Unit) Winston-Salem, NC 27104
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
EXECUTIVE SUMMARY
ONLY $77K PER UNIT VALUE-ADD MULTIFAMILY with 45 units just outside downtown Winston-Salem, North Carolina!
PROPERTY FACTS
| Price | $4,826,430 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $107,254 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.14 AC |
| No. Units | 45 | Building Size | 27,000 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1956 |
| Zoning | RM18 | ||
| Price | $4,826,430 CAD |
| Price Per Unit | $107,254 CAD |
| Sale Type | Investment |
| 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
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 45 | - | 600 |
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PROPERTY TAXES
| Parcel Number | 6825-45-2806 | Improvements Assessment | $2,801,812 CAD |
| Land Assessment | $352,467 CAD | Total Assessment | $3,154,279 CAD |
PROPERTY TAXES
Parcel Number
6825-45-2806
Land Assessment
$352,467 CAD
Improvements Assessment
$2,801,812 CAD
Total Assessment
$3,154,279 CAD
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1631 West Northwest | 1631-1641 W Northwest Blvd
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