WINSTON-SALEM MULTIFAMILY PORTFOLIO – 174 UNITS
PRICE:
$
10,500,000
STATUS:
Sold
ADDRESS:
4349 Grove Ave, Winston-Salem, NC 27105, USA
OVERVIEW:
SOLD 11/30/21 FOR $10,500,000
Deaton Investment Real Estate represented the seller and was the sole broker in this off-market transaction. This deal represented the purchase of the following three assets.
Cedar View Apartments sold for $4,250,000. The property is located at 2367 Bethbara Road and features 68 units built in 1971.
Countryside Garden Apartments sold for $2,850,000. The property is located at 2680 Bethbara Road and features 46 units built in 1980.
Woodbridge Townhomes sold for $2,626,000. The property is located at 4349 Grove Avenue and features 60 units built in 1974.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 37 UNITS | 1BD/1BA | 600-650 SF | $525 |
| 56 UNITS | 2BD/1BA, 2BD/1.5BA | 752-1100 SF | $655-$695 |
| 37 UNITS | 3BD/1.5BA, 3BD/2BA | 1000-1500 SF | $695-$775 |
| 40 UNITS | 4BD/2BA | 1100-1300 SF | $795 |
| 4 UNITS | 5BD/2BA | 1200-1400 SF | $1000 |
PROPERTY INFORMATION
| PIN | 6837-65-8111, 6818-03-9771, 6818-40-3356 |
| Tax Value | $6,192,600 |
| Taxes | $80,211.93 |
| Lot Size | 17.24 ACERS |
| Year Built | 1971, 1974, 1980 |
| Exterior | BRICK VENEER |
| Floors | TILE, CARPET, VINYL, HARDWOOD |
| Foundation | CONCRETE SLAB |
| HVAC | CENTRAL AIR |
| Utilities | VARIES BY PROPERTY |
| Legal Description | OAK CREEK APARTMENTS LO003D BL2229 BU1, CEDAR VIEW APTS LO103 BL3456 BU1, COUNTRYSIDE GARDEN APTS LO011P BL3462 BU1 |
| Appliances | VARIES BY PROPERTY |
| Sold Date | 2021-11-30 |
| Zoning | RM8, RM12, RM18 |
Agent Information Michael Deaton
Location Map
WINSTON-SALEM MULTIFAMILY PORTFOLIO – 174 UNITS
Address:
4349 Grove Ave, Winston-Salem, NC 27105, USA
Price: $
10,500,000
Unit:
174