DATE SOLD: 4/5/24
PRICE: $4,265,000 or $71,083 per unit
Deaton Investment Real Estate represented the seller and was the sole broker in this off-market transaction. Located in Winston-Salem, N.C., Woodbridge Townhomes is a 60-unit, townhome-style property situated across 8.04 acres. Built in 1974, Woodbridge features a mix of three-, four-, and five-bedroom floorplans. This asset offers the opportunity to increase income through operational and strategic value-add improvements.
| Unit | Type | Size | Rent |
|---|---|---|---|
| 24 UNITS | 3BD/1.5BA | 1,050 SF | $950 |
| 2 UNITS | 3BD/2BA | 1,050 SF | $950 |
| 30 UNITS | 4BD/2BA | 1,200 SF | $1,100 |
| 4 UNITS | 5BD/2BA | 1,300 SF | $1,200 |
| PIN | 6837-65-8111 |
| Tax Value | $2,059,500 |
| Taxes | $27,057.71 |
| Lot Size | 8.04 ACRES |
| Year Built | 1974 |
| Exterior | BRICK & VINYL |
| Floors | CARPET, VINYL, LVP |
| Foundation | SLAB |
| HVAC | CENTRAL AIR/HEAT PUMP |
| Utilities | TENANT PAYS UTILITIES |
| Legal Description | OAK CREEK APARTMENTS LO003DBL2229 BU1 |
| Appliances | RANGE, REFRIGERATOR, DISHWASHER, WASHER/DRYER CONNECTION |
| Sold Date | 2024-04-05 |
| Zoning | RM8 |
Agent Information Michael Deaton