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Garden Innovation Apartments 915 E 2nd St 70 Unit Apartment Building $8,577,704 CAD ($122,539 CAD/Unit) Winston-Salem, NC 27101
Executive Summary
Innovation Garden Apartments presents a compelling value-add opportunity in Winston-Salem’s expanding downtown Innovation Quarter area. The property consists of 70 two-bedroom, one-bathroom units across eight buildings, with separately metered utilities and more than $700,000 in completed capital improvements. Approximately half of the units have been renovated, achieving significant rental premiums, while the remaining units provide additional upside. The property is leasing up quickly and is well positioned for continued growth through renovations, improved occupancy, and increased market rents.
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- Offering Memorandum
Property Facts
| Price | $8,577,704 CAD | Building Class | C |
| Price Per Unit | $122,539 CAD | Building Size | 58,584 SF |
| Sale Type | Investment | Average Occupancy | 79% |
| No. Units | 70 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1970/2025 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden | ||
| Zoning | RM-18 | ||
| Price | $8,577,704 CAD |
| Price Per Unit | $122,539 CAD |
| Sale Type | Investment |
| No. Units | 70 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Building Size | 58,584 SF |
| Average Occupancy | 79% |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2025 |
| Opportunity Zone |
Yes |
| Zoning | RM-18 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Refrigerator
- Oven
- Smoke Free
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 78 | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 6835-57-3068 | Improvements Assessment | $3,935,884 CAD |
| Land Assessment | $465,928 CAD | Total Assessment | $4,401,813 CAD |
Property Taxes
Parcel Number
6835-57-3068
Land Assessment
$465,928 CAD
Improvements Assessment
$3,935,884 CAD
Total Assessment
$4,401,813 CAD
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Presented by
GAC Management Group
Garden Innovation Apartments | 915 E 2nd St
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