1242 W Academy Street Winston Salem, NC $ 650,000
1242 W Academy Street
$ 650,000
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1242 W Academy Street

Winston Salem, NC, 28214
$ 650,000
Baths0.0 Sq 2,668

Monthly Estimate*

$ 4,320

1242 W Academy Street, Winston Salem, NC 28214 - Image 1
1242 W Academy Street, Winston Salem, NC 28214 - Image 2
1242 W Academy Street, Winston Salem, NC 28214 - Image 3
1242 W Academy Street, Winston Salem, NC 28214 - Image 4
1242 W Academy Street, Winston Salem, NC 28214 - Image 5
Studio

Multi-Family Home for sale in Winston Salem, NC

for $650,000. This 2,668 square foot home was built in 1954 on a lot size of 0.99.

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.

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Multi-Family Active

Price

$ 650,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

A-Frame

Lot Size

0.99

Year Built

1954

Town/City

Winston Salem

County/Region

Forsyth

MLS | Web ID

4142395

Features
General
Sewer Public Sewer
Heating Electric
Cooling Window Unit(s)
Appliances Electric Range Electric Water Heater Refrigerator
Zoning RM
Architectural Style A-Frame
Construction Materials Brick Full
Pets Allowed Yes
Year Built 1954
Tenant Pays All Utilities
Property SubType Triplex
County Forsyth
New Construction N
Property Type Residential Income
High School Unspecified
City Winston Salem
NumberOfUnitsTotal 3
Lot Size Units Acres
Elementary School Unspecified
Middle/Junior High School Unspecified
Standard Status Active
Construction Type Site Built
Tax Assessed Value 80400
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Exterior
Parking Features Parking Lot
Water Source City
Lot Size Area 0.99
Foundation Details Crawl Space
Building Area Total 2668
Road Surface Type Gravel
Road Responsibility Publicly Maintained Road
Main Level Garage YN N
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Interior
Fireplace Y/N N
Above Grade Finished Area 1918
Laundry Features None
Below Grade Finished Area 750
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Internal Only
Street Number 1 1242
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* Excluded Features
List By
Dalton Wade, Inc.

Broker

Affordability Calculator

$4,320
Per Month
100%
0%
0%
Monthly Principal & Interest
$4,320
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1081546 Elementary School
1081540 Middle School
Unspecified High School High School
Pricing History
DatePricePrice ChangeDescription
5/20/2024$650,000 Listed Price

Map


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1242 W Academy Street, Winston Salem, NC, 28214 is a Multi-Family Home for sale at $650,000 with 2,668 sqft and a lot size of 0.99. 1242 W Academy Street is a studio with 0.0 baths and was built in 1954. The property's zip code is 28214 which is in Winston Salem, NC