Sterling Pointe Apartments   |  820 West 7th Street   |   16 Units

  • TO LEARN MORE ABOUT THIS PROPERTY, CONTACT:

    Jason Bush at jbush@ltpcommercial.com

    Linville Team Partners is proud to represent the 16-unit Sterling Pointe apartment complex located in Winston-Salem, NC. Built in 1966 and remodeled in 2018-2019, these units are located in the downtown business district and have convenient access to retail, restaurants and downtown employers. Upward trending operations are the result of extensive repositioning, stabilization, and upgrades to the interiors and exteriors. This asset offers an outstanding opportunity to invest in a value-add program which is poised for continued rent growth.

    Address:820 West 7th Street
    City:Winston-Salem
    Zip:27101
    Price$1,299,000
  • Aerial Map
    Aerial Photo
  • PROPERTY DETAILS

    Property Type Multi-family
    Year Built ±1966
    Floors ±2
    Elevator ±None
    FlooringVinyl Plank
    # of Units16
    Acres ±.75
    SprinkleredYes

    UTILITIES

    ElectricalYes
    WaterYes
    SewerYes
    AirYes
    HeatYes
    GasYes

    TAX INFORMATION

    ZoningGB
    County:Forsyth , NC
    Tax PIN7835-71-8826.00

    PRICING & TERMS

    Price$1,299,000
    Tax Value$460,500
    TermsFree and Clear Projected Gross Annual Income: $134,400 Operating Expense Ratio: 34-36%
    CommentsLinville Team Partners is proud to represent the 16-unit Sterling Pointe apartment complex located in Winston-Salem, NC. Built in 1966 and remodeled in 2018-2019, these units are located in the downtown business district and have convenient access to retail, restaurants and downtown employers. Upward trending operations are the result of extensive repositioning, stabilization, and upgrades to the interiors and exteriors.

    UNIT INFORMATION

    Type # of Units Average Rental Rates
    Two Bedroom 16 $700