HAWK RIDGE APARTMENTS – 168 UNITS IN WINSTON-SALEM, NC

PRICE:
$ 26,000,000
STATUS:
Sold
ADDRESS:
400 Hawk Ridge Dr, Winston-Salem, NC 27103, USA
OVERVIEW:

SOLD 5/25/2022 FOR $26,000,000
$154,762 per unit 

Deaton Investment Real Estate represented the buyer in this transaction. Conveniently located within the Winston-Salem MSA, 10 miles southwest of the city, Hawk Ridge Apartments stands to benefit from a nearly 9% population growth rate over the last 10 years.   Built in 1998, the property features one-, two, and three-bedroom floorplans. Amenities include a clubhouse, fitness center, business center, laundry facilities, pet play area, and picnic areas. Hawk Ridge Apartments presents the opportunity to increase income through organic upside and strategic value-add improvements.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
57 UNITS 1BD/1BA 320 SF - 544 SF $900 - $1,180
6 UNITS 2BD/1BA 864 SF $1,200
81 UNITS 2BD/2BA 864 SF $1,250
1 UNIT 3BD/1BA 1,080 SF $1,485
23 UNITS 3BD/2BA 1,050 SF $1,750
PROPERTY INFORMATION
PIN 5893-50-6742
Tax Value $14,562,600
Taxes $134,174.70
Lot Size 14.01 ACRES
Year Built 1998
Exterior VINYL
Floors CARPET, VINYL, LVP
Foundation SLAB
HVAC CENTRAL AIR
Utilities TENANT PAYS UTILITIES
Legal Description HAWK RIDGE APTS LO007A BL4227 BU1
Appliances RANGE, REFRIGERATOR, DISHWASHER, W/D CONNECTIONS
Sold Date 2022-05-25
Zoning RM12

Location Map

HAWK RIDGE APARTMENTS – 168 UNITS IN WINSTON-SALEM, NC
Address: 400 Hawk Ridge Dr, Winston-Salem, NC 27103, USA Price: $ 26,000,000 Unit: 168