New Hope Apartments
1225 New Hope Lane
Winston-Salem, NC 27105
New Hope Apartments is a 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. 6 units have been renovated allowing for investor upside potential on the renovated units. New Hope Apartments has an asking rate of $580,000 with a projected cap rate of 8.33%.
-
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 $580,000.00 Price/SF $91.54 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.
