Description
Calling all investors. Unique and rare find in Winston Salem. Amazing opportunity to own 42.5 acres with 22 income producing units and room to add more near Salem Lake. Property is former location of Baptist Retirement Home which has been removed. The hard work has been done for you and is ready to be developed. There are currently 9 duplexes (18 units) and one quadplex (4 units), some of which have been recently renovated. 8 duplexes contain 2 bed/2 bath in each unit and the 9th has 3 bed/2 bath in each unit. There is beautiful lake full of wildlife which can be seen from most units. Currently zoned RM18 so therefor no need for rezoning. City has already approved a 9 building 291 unit 55 and up apartment complex to be built on part of the property. Would also make a great townhome community. Call today to schedule your appointment. Please do not disturb current tenants. Agents see attached for current rent roll and apartment complex approval.
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0BEDS
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42.5ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Calling all investors. Unique and rare find in Winston Salem. Amazing opportunity to own 42.5 acres with 22 income producing units and room to add more near Salem Lake. Property is former location of Baptist Retirement Home which has been removed. The hard work has been done for you and is ready to be developed. There are currently 9 duplexes (18 units) and one quadplex (4 units), some of which have been recently renovated. 8 duplexes contain 2 bed/2 bath in each unit and the 9th has 3 bed/2 bath in each unit. There is beautiful lake full of wildlife which can be seen from most units. Currently zoned RM18 so therefor no need for rezoning. City has already approved a 9 building 291 unit 55 and up apartment complex to be built on part of the property. Would also make a great townhome community. Call today to schedule your appointment. Please do not disturb current tenants. Agents see attached for current rent roll and apartment complex approval.
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