STUDENT HOUSING PORTFOLIO AT WAKE FOREST UNIVERSITY

PRICE:
$ 2,550,000
STATUS:
Off Market
ADDRESS:
1307 Polo Rd, Winston-Salem, NC 27106, USA
OVERVIEW:

Deaton Investment Real Estate is pleased to present the exclusive listing of ten, single-family rentals in Winston-Salem, North Carolina on the edge of Wake Forest University (WFU). Ranked the 27th best educational institution in the nation, WFU has an enrollment of 8,500 and more than 6,200 full-time faculty and staff. Winston-Salem has an estimated population of $247,945 and is the fifth most populous city in North Carolina.

The homes are located within walking distance of WFU and 100% leased for the 2020-21 school year with a total monthly rent roll of $25,815. There are a total of 41 bedrooms with an average rent of $630 per-bed. The current owner completed more than $360,000 of capital improvements in 2016 to renovate and update the homes, including the installation of stainless steel appliances and granite counter tops.

This is a great opportunity to acquire a stabilized, student-housing portfolio in a thriving market.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
10 HOMES, SEE RENT ROLL 3-, 4- AND 5-BEDROOM 1,288 - 2,380 SF $28,815 TOTAL PER MONTH
PROPERTY INFORMATION
PIN SEE EXHIBIT
Tax Value $1,352,100
Taxes $18,806.38
Lot Size .20 - .76 ACRES
Year Built 1934 - 1990
Exterior BRICK, WOOD, HARDBOARD, VINYL, ASBESTOS
Floors HARDWOOD, TILE, VINYL, CARPET
Foundation CRAWL, BASEMENT
HVAC CENTRAL AIR
Utilities PAID BY TENANTS
Legal Description SEE EXHIBIT
Appliances RANGE, REFRIGERATOR, DISHWASHER, MICROWAVE, WASHER & DRYER
Zoning RES

Location Map

STUDENT HOUSING PORTFOLIO AT WAKE FOREST UNIVERSITY
Address: 1307 Polo Rd, Winston-Salem, NC 27106, USA Price: $ 2,550,000 Unit: