For Sale: Multifamily Portfolio in Winston-Salem, NC | Bidding Opens: April 9th | Significant Income Upside

2225 Silas Creek Parkway Winston-Salem, NC 27103

2225 Silas Creek Parkway, Winston-Salem, NC, 27103
2225 Silas Creek Parkway, Winston-Salem, NC, 27103
FOR SALE Auction Property
Property Type:
MultiFamily Apartments
Amount:
$1,500,000
Last Verified:
Mar 11, 2019

2225 Silas Creek Pky, Winston-Salem, NC 27103
and
3844 Wabash Blvd, Winston- Salem, NC 27106

 

Built in the 1960’s, each property features low maintenance brick exteriors, have been exceptionally well-maintained, and demonstrate favorable operational momentum in the trailing months. Drafting off this positive trend, each asset offers significant income upside. Through minor operational improvements, a market proven unit interior renovation program, and driving tenant demand, new ownership is positioned to bridge the considerable gap to align more closely with market competitors.

 

About the Winston-Salem Multifamily Portfolio:

Two Garden-Style Apartment Complexes Included

Ardmore Landing

  • 45 Units
  • 86.67% Occupied
  • 2.22 Acres
  • 5 Buildings

Reynolds Townhomes

  • 30 Units
  • 86.67% Occupied
  • 1.70 Acres
  • 3 Buildings

Both assets are located near an abundance of employment opportunities and Class A retail in Winston-Salem, North Carolina and are walking distance to Forsyth Community College.


Investment Highlights:

    • Well-Positioned Asset Poised for Value-Add Program
    • $400k+ of Capital Projects Completed Since 2017
    • Organic Rent Growth through Proactive Management
    • Desirable Townhome Style Units with Water/Sewer Bill-Back Potential


To learn more, visit: http://bit.ly/2HlK090


Additional URLs

Map of 2225 Silas Creek Parkway, Winston-Salem, NC, 27103

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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