$2,500,000 Multifamily for Sale — 1024 Waughtown St, Winston-Salem, NC 27107, USA

1024 Waughtown St, Winston-Salem, NC 27107, USA

Summary

This is a multifamily property for sale at 1024 Waughtown St, Winston-Salem, NC 27107, USA, listed at $2,500,000. The property has 11 units, 25,000 square feet, built in 1960. Financials show net operating income of $44,500, a 1.8% cap rate, gross income of $54,000 based on seller figures.

Key facts

Asking price: $2,500,000
Property type: Multifamily
Cap rate: 1.8%
NOI: $44,500
Gross income: $54,000
Occupancy: 33%
Price / unit: $227,273
Expense ratio: 17.6%
Units: 11
Building SF: 25,000
Lot (acres): 0.86
Year built: 1960
Zoning: LO-L

Description

Commercial Property in Winston Salem NC Includes Church 10,000SQFT Building in back with 7 rooms upstairs and full party hall downstairs Home Is currently rented at $4500 A Month Home is the only one that is rented out but when full property is full per month rent would be $15,000-$28,000 .86 Acres Total buildings value is $2.3 Million Property is ready to go to make money Was previously ran as a rehab from NC State Asking price 2.5 Million Could be lower for Cash offer