REYNOLDA MANOR – 86 UNITS IN WINSTON-SALEM, NC

Price:

$6,800,000

Status:

Sold

Address:

2710 Fairlawn Dr, Winston-Salem, NC 27106, USA

Overview:

SOLD 12/29/2022 FOR $6,800,000
$79,070 per unit

Deaton Investment Real Estate represented the seller and was the sole broker in this off-market transaction. Reynolda Manor is an 86-unit apartment community located in Winston-Salem, NC. Built in 1965 and 1971, the property features one- and two-bedroom floor plans. This asset represents a great value-add opportunity for an asset in a growing submarket.

Unit Information

UnitTypeSizeRent
16 UNITS1BD/1BA505-764 SF$585-$675
52 UNITS 2BD/1BA832 SF$725
18 UNITS (TH)2BD/1.5BA 1,157 SF$850

Property Information

PIN 6817-52-6785 Tax Value $2,749,700
Taxes $36,125.56 Lot Size 7.30 ACRES
Year Built 1965, 1971 Exterior BRICK
Floors CARPET, VINYL, LVP Foundation CRAWL ,SLAB
HVAC WINDOW A/C, HEAT PUMPS, WALL FURNACE HEAT, BASEBOARD HEAT Owner Financing NONE
Utilities OWNER PAYS TRASH Appliances RANGE, REFRIGERATOR, W/D CONNECTION
Legal Description REYNOLDA MANOR APARTMENTS LO206 BL3463 BU1 Zoning RM18
Sold Date 12/29/2022