1242 W Academy Street Winston Salem, NC 28214
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 TypeMulti-Family
- NeighborhoodN/A
- CountyForsyth
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site23 Days
- MLS StatusActive
- MLS ID Number4142395
- Home Size Source N/A
- Year Built1954
- Lot Size0.99 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style A- Frame
- Parking Parking Lot
- Sewer Public Sewer
- Number of Stories 2
- Property Sub Type Triplex
- Number Of Stories 2
- Water City
Interior Features
- Cooling Window Unit(s)
- Heating Electric
- Appliances Electric RangeElectric Water HeaterRefrigerator
- Laundry Features None
- Fireplace No
Exterior Features
- Construction Details Brick Full
Community Features
- Pets Yes
- Senior Community No
- Pet Information Yes