Salem Crossing Apartments | 111 Salem Valley Road
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Salem Crossing Apartments 111 Salem Valley Road
141 Unit Apartment Building $8,000,000 ($56,738/Unit) Winston-Salem, NC 27103
Investment Highlights
- Projected Annual Gross Rent: $1,038,948 (at 100% occupancy)
- Unit Asking Price: $56,737/per door
Executive Summary
- Value-add potential with below market rents, located in an opportunity zone
- 10 buildings with low historical vacancy
- 1 BR/1 Bath & 2 BR/1 Bath
- Conveniently located off major thoroughfares (Peters Creek Pkwy & Silas Creek Pkwy)
- 10 buildings with low historical vacancy
- 1 BR/1 Bath & 2 BR/1 Bath
- Conveniently located off major thoroughfares (Peters Creek Pkwy & Silas Creek Pkwy)
Data Room Click Here to Access
- Operating and Financials
Property Facts
| Price | $8,000,000 | Building Class | C |
| Price Per Unit | $56,738 | Lot Size | 7.82 AC |
| Sale Type | Investment | Building Size | 75,298 SF |
| No. Units | 141 | Average Occupancy | 93% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1968/2014 |
| Apartment Style | Garden |
| Price | $8,000,000 |
| Price Per Unit | $56,738 |
| Sale Type | Investment |
| No. Units | 141 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 7.82 AC |
| Building Size | 75,298 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built/Renovated | 1968/2014 |
Unit Amenities
- Dishwasher
- Disposal
- Heating
- Kitchen
- Refrigerator
- Range
Site Amenities
- Fitness Center
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 129 | $552.00 | 600 - 650 |
| 2+1 | 12 | $736.00 | 600 - 650 |
Bike Score ®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $4,840,400 | |
| Land Assessment | $545,200 | Total Assessment | $5,385,600 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$545,200
Improvements Assessment
$4,840,400
Total Assessment
$5,385,600
zoning
| Zoning Code | RM18 |
| RM18 |
-
Charlie Freeman -
Freeman Commercial Real Estate
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Salem Crossing Apartments | 111 Salem Valley Road
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