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.

Link To Tax Records
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

Location Map

WINSTON-SALEM MULTIFAMILY PORTFOLIO – 174 UNITS
Address: 4349 Grove Ave, Winston-Salem, NC 27105, USA Price: $ 10,500,000 Unit: