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$345,000
Est. payment /mo
5 Beds
4 Baths
2,130 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Stick/Site Built
Listing Status Active
Purchase Type For Sale
Square Footage 2,130 sqft
Price per Sqft $161
Subdivision West Salem
MLS Listing ID 1194166
Bedrooms 5
Full Baths 4
HOA Y/N No
Year Built 1885
Lot Size 8,276 Sqft
Acres 0.19
Property Sub-Type Stick/Site Built
Source Triad MLS
Property Description
Cash-Flowing 5BR/4BA Investment Property – Prime Winston-Salem Location
Rare opportunity to own a late 1800's property with multiple income streams within walking distance from downtown Winston-Salem, Truist Stadium, Old Salem, Carolina University, and local restaurants/coffee shops.
Currently leased with 4 tenants in place:
2 Occupied En-suite bedrooms at $750/month each (1 Bdrm, 1 Bath)
1 En-suite bedroom transferring vacant (projected $850/month)
1 Occupied Guest suite rented long-term at $1,200/month (2Bdrm 1 Bath)
Total current rent: $2,700/month, with immediate upside to $3,550/month once fully occupied.
Key features:
All 4 units have their own separate bathroom
Flexible use: long-term rental, Airbnb/VRBO, bed & breakfast, or student housing
Windows & roof under 9 years old
Spacious porch + ample rear parking
Walking distance to downtown attractions & campus
Strong rental history, prime location, and multiple exit strategies make this a must-see investment!!!
Rare opportunity to own a late 1800's property with multiple income streams within walking distance from downtown Winston-Salem, Truist Stadium, Old Salem, Carolina University, and local restaurants/coffee shops.
Currently leased with 4 tenants in place:
2 Occupied En-suite bedrooms at $750/month each (1 Bdrm, 1 Bath)
1 En-suite bedroom transferring vacant (projected $850/month)
1 Occupied Guest suite rented long-term at $1,200/month (2Bdrm 1 Bath)
Total current rent: $2,700/month, with immediate upside to $3,550/month once fully occupied.
Key features:
All 4 units have their own separate bathroom
Flexible use: long-term rental, Airbnb/VRBO, bed & breakfast, or student housing
Windows & roof under 9 years old
Spacious porch + ample rear parking
Walking distance to downtown attractions & campus
Strong rental history, prime location, and multiple exit strategies make this a must-see investment!!!
Location
State NC
County Forsyth
Rooms
Basement Crawl Space
Interior
Interior Features Guest Quarters, In-Law Floorplan
Heating Heat Pump, Electric
Cooling Central Air
Appliance Electric Water Heater
Laundry 2nd Dryer Connection, 2nd Washer Connection, Dryer Connection, Washer Hookup
Exterior
Pool None
Building
Lot Description City Lot
Sewer Public Sewer
Water Public
New Construction No
Others
Special Listing Condition Owner Sale
Read Less Info
Listed by Derron Potts of JPAR Legacy Group
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