(Winston-Salem, NC) Brick SFR 🏠 GREAT RENTAL 🔑 Minimal Rehab 🛠️ GREAT CASHFLOW 💰

Forsyth County, Winston-Salem, NC, 27101
Sold
Listed at: April 14th, 2023
Price
$132,500
ARV
$210,000
Gross Margin
$77,500
Sq. Footage
1971
Type
Single-Family
Parking
Driveway
Year build
1957
Lot size
0.19 acres
Bedrooms
3
Bathrooms
1.5
Half Bathrooms
0
Summary

DESCRIPTION


This stunning brick house in Winston-Salem, NC is an absolute gem for any savvy investor seeking a fantastic rental property with excellent cash flow potential. The location is unbeatable, just a leisurely stroll away from the beautiful Skyland Park and mere minutes from downtown Winston-Salem. The property is less than 1.5 miles from the prestigious Winston-Salem State University and a quick 10-minute drive from the renowned Wake Forest University, making it an ideal choice for student housing.

In addition to its prime location, this property offers a plethora of local attractions, including an abundance of restaurants and other entertainment venues, ensuring that tenants will never be at a loss for something to do. For those who love the outdoors, the beautiful Salem Lake is less than a 10-minute drive away, providing endless opportunities for recreational activities.

Investors simply cannot afford to miss out on the opportunity to own this amazing rental property in one of the most desirable locations in Winston-Salem. Don't wait - seize this opportunity now and start reaping the rewards of your investment!


PROPERTY DETAILS


Rehab Level: Minimal

Occupancy: Tenant Occupied / VACANT AT CLOSE

Construction: Brick

Water Heater: Great Condition

Electrical Panel: Great Condition

Windows: Great Condition

HVAC: Great Condition (< 3 Years Old)

Parking: Driveway

Roof: Great Condition (<5 Years Old)


RENTAL STATS


Average Rent: $1,708/Mo +/-2%


Average Rent base on 7, 3 Bedroom, 1.5+ Bathroom rentals seen within the last 3 months in the area that have a minimum square footage of 1,200 Sqft


SEE ATTACHED RENTOMETER PRO REPORT BELOW



CLOSING & ACCESS


PROPERTY DELIVERED VACANT AT CLOSING


**DUE TO THE OCCUPANCY STATUS OF THIS PROPERTY, NO SHOWINGS WILL BE SCHEDULED UNLESS A SOFT OFFER IS PRESENTED FIRST**


**Please CALL Ahead to Schedule An Appointment**

**Closing On 05/22/2023**


DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Trevor Wilcox

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Disposition manager