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New Hope Apartments

1225 New Hope Lane
Winston-Salem, NC 27105

100% occupied 8 -plex for sale located in the 27105 zip code. Recent Capital expenditures include new roof, new signage, parking lot resurfacing, fencing and security camera system. 5 units have been renovated allowing for investor upside potential on the renovated units. New Hope Apartments has an asking rate of $569,000 with a cap rate of 5.8%.

  • Property Details
    SF per Floor ± 3,168
    Building SF ± 6,336
    Year Built 1965
    Restrooms ± 8
    Floors 2
    Flooring Luxury Vinyl (renovated)
    Roof Asphalt
    Bldg Exterior Brick
    Acres ± 0.49
    Parking ± 8
  • Utilities
    Electrical Duke
    Water Public
    Sewer Public
    Gas Piedmont
  • Taxes
    Zoning RM 18
    Tax Block 337
    Tax Lots 1
    Tax Pin 6836-63-8583
  • Pricing & Terms
    Price $569,000.00
    Price/SF $89.8
    Tax Value $165,000.00
  • 0.3 miles to US 52 N / 0.8 miles to US 52 S
  • Located within Winston-Salem Neighborhood Revitalization Area allowing for up to 50% public investment on qualifies improvements
  • Proximate to Cleveland Avenue neighborhood with a public investment of over $30 million.
Brad Klosterman, CCIM, AICP - Photo

Brad Klosterman, CCIM, AICP

336.793.0890, ext 106