$650,000 $3,489 est/mo Sourced by Back At You

1242 W Academy Street,Winston Salem, NC 28214

Winston Salem NC, 28214

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Description

Discover a unique investment at 1242 West Academy St., ideally located near the Winston-Salem Dash Stadium. This fully-rented triplex on a 0.99-acre lot has been recently rezoned to RM-18, allowing for expansion to 14 additional apartments. Architecturally designed and engineered plans for the new development are included. Current tenants are on month-to-month leases, providing flexibility and immediate cash flow, with significant potential for rent increases. Key Features: -Prime location near downtown and stadium. -Fully rented triplex with room for rent growth. -Potential to develop 14 new apartments. -Month-to-month tenants. Please do not disturb tenants. Contact us for more information. Note: Listing agent has ownership interest in the property.

Details

MLS#4142395
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1954
Days On Site62
Listing Provided ByDalton Wade, Inc. | Jay Powell
Buying Commision2%

Features

SQ Feet2,668
Story(s)2
Units3
ZoningRM
Acreage0.99

Market Activity 28214

 Listings courtesy of Canopy Realtor® Association as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of July 20, 2024 at 5:52:24 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Listings Checked: 19 minutes ago
StateNC
CountyForsyth
CityWinston Salem
Zip Code28214
AreaForsyth
School DistrictUnspecified
Elementary SchoolUnspecified
Middle SchoolUnspecified
High SchoolUnspecified
Listing VS Median (in 28214)
Price:
$650,000
low | high
Med:
$359,900
94.630769230769% of Average
SqFt:
2,668
low | high
Med:
1,844
80.884557721139% of Average
$ / SqFt:
$244
low | high
Med:
$195
69.888770231937% of Average
On Site:
62
low | high
Med:
23.000000
100% of Average
Sourced by Back At You
Listing Updated: June 26, 2024 at 12:38:12 AM PDT