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 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
| Unit | Type | Size | Rent |
|---|---|---|---|
| 16 UNITS | 1BD/1BA | 505-764 SF | $585-$675 |
| 52 UNITS | 2BD/1BA | 832 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 |
