1242 Academy Street
Winston Salem, NC
$650,000
Status: Active
Sq ft: 2668
Elementary School: Unspecified
Middle School: Unspecified
High School: Unspecified
Year Built: 1954
Acerage: 0.99 Acres
MLS #: 4142395
Status: Active
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Details & Amenities

Discover a unique investment at 1242 West Academy St., ideally located near the Winston-Salem Dash Stadium. This fully-rented triplex on a 0.99-acre lot has been recently rezoned to RM-18, allowing for expansion to 14 additional apartments. Architecturally designed and engineered plans for the new development are included. Current tenants are on month-to-month leases, providing flexibility and immediate cash flow, with significant potential for rent increases. Key Features: -Prime location near downtown and stadium. -Fully rented triplex with room for rent growth. -Potential to develop 14 new apartments. -Month-to-month tenants. Please do not disturb tenants. Contact us for more information. Note: Listing agent has ownership interest in the property.
Property Type:
Residential Income


Map
This property is a listing of Dalton Wade, Inc..
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