Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

935 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Garden Innovation Apartments 915 E 2nd St 70 Unit Apartment Building For Sale Winston-Salem, NC 27101

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

EXECUTIVE SUMMARY

Northmarq is pleased to present the exclusive listing of Garden Innovation, a 70-unit apartment community ideally located in the heart of Winston-Salem, NC. Just minutes from downtown with direct access to US-421 and US-52, the property offers seamless connectivity to the region’s top employers and major economic drivers. Less than a mile from Innovation Quarter—a 330-acre research and technology hub anchored by Wake Forest University and several Fortune 500 companies—Garden Innovation benefits from the continued growth of one of the Southeast’s most dynamic employment centers. Residents also enjoy walkable access to downtown Winston-Salem, recently ranked one of America’s Top 10 Downtowns, offering vibrant lifestyle amenities including the Arts District, Restaurant Row, Industry Hill, local breweries, restaurants, retail, and Truist Stadium.
Built in 1970, Garden Innovation presents a compelling value-add opportunity with 33 units already upgraded and 37 units primed for renovation. A targeted improvement program allows new ownership to close a $140 gap to average market comparable rents and a $323 delta to top-tier competitors, with projected premiums of $210+ over current in-place rents. Additionally, there is meaningful operational upside, with the potential to drive approximately $150k in additional NOI through improved management and ancillary income strategies.
https://my.rcm1.com/handler/modern.aspx?pv=Dw4-w_oyLL7AcqVzjbBNYL2u6Nx1gTyclBUhH6hEZA68sm-e5b9K2UN_TOTwjFLiVAsZAJKygWXnNrjjtxdX0A

PROPERTY FACTS

Sale Type	Investment	Building Class	C
No. Units	70	Building Size	58,584 SF
Property Type	Multifamily	No. Stories	2
Property Subtype	Apartment	Year Built	1970
Apartment Style	Garden	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Sale Type	Investment
No. Units	70
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Garden
Building Class	C
Building Size	58,584 SF
No. Stories	2
Year Built	1970
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.