BETHABARA GARDENS – 100 UNITS IN WINSTON-SALEM, NC

Deaton, as exclusive broker for the seller, is pleased to offer Bethabara Gardens, a 100-unit, market-rate multifamily community located at 5785 Hickory Knoll Drive in northwest Winston-Salem, North Carolina. Built in 1983, the property consists of two-story garden-style buildings with all one-bedroom, one-bathroom apartments, plus two additional non-revenue units utilized as a management office and maintenance shop. Each unit includes washer/dryer connections and the community features a swimming pool. The property is clean and well-maintained, with functional interiors and well-kept buildings and grounds.

Bethabara Gardens is located approximately 1.5 miles from Wake Forest University and five miles north of downtown Winston-Salem, with convenient access to University Parkway, nearby retail, healthcare facilities, and major employment centers. The property serves the workforce housing segment of the market, offering residents practical rental housing at an attainable price point. Current rents are $795 per month, plus an $85 monthly cable/internet charge.

Bethabara Gardens offers investors the opportunity to acquire a well-maintained, 100-unit workforce housing community with consistent historical rental income and the potential to increase revenue through improved occupancy. The property’s uniform unit mix, existing cash flow, and overall condition provide a straightforward investment opportunity with an emphasis on operational efficiencies.