CEDAR VIEW APARTMENTS – 66 UNITS IN WINSTON-SALEM, NC

PRICE:
$ 5,445,000
STATUS:
Sold
ADDRESS:
2367 Bethabara Rd, Winston-Salem, NC 27106, USA
OVERVIEW:

SOLD 7/13/2023 FOR $5,445,000
$82,500 per unit 

Deaton Investment Real Estate represented the seller and was the sole broker in this off-market transaction. Located in Winston-Salem, N.C.,  Cedar View Apartments features all brick exteriors and a mix of one-, two-, and three-bedroom floorplans. Built in 1971, the property has all brick exteriors and a total of 66 units situated on a 6.53 acre site. This offering represents a great opportunity to increase income through strategic value-add improvements.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
3 UNITS 1BD/1BA 650 SF $640
54 UNITS 2BD/1.5BA 800 SF - 1,100 SF $785-$850
1 UNIT 2BD/2BA 1,100 SF $875
8 UNITS 3BD/2BA 1,500 SF $945
PROPERTY INFORMATION
PIN 6818-40-3356
Tax Value $2,553,400
Taxes $33,546.57
Lot Size 6.53 ACRES
Year Built 1971
Exterior BRICK
Floors CARPET, VINYL, LVP
Foundation CRAWL
HVAC CENTRAL A/C, HEAT PUMPS
Utilities OWNER PAYS WATER, SEWER AND TRASH
Legal Description CEDAR VIEW APTSLO103 BL3456 BU1
Appliances RANGE, REFRIGERATOR, W/D CONNECTIONS
Sold Date 2023-07-13
Zoning RM-12

Location Map

CEDAR VIEW APARTMENTS – 66 UNITS IN WINSTON-SALEM, NC
Address: 2367 Bethabara Rd, Winston-Salem, NC 27106, USA Price: $ 5,445,000 Unit: 66