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1401 E 5Th St, Unit 186B Winston Salem, NC 27101

For Sale
$1,300,000

Fully occupied 10-unit multifamily property in East Winston.

Property Features for 1401 E 5Th St

General Information

Standard status
Active

Building Details

Year built
1972

Source: NORTHGROUP REAL ESTATE LLC Agent APRIL PULLINS

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

East Winston Fully Occupied Multifamily

This income-producing property is located in the growing East Winston area and features two buildings with a total of 10 fully occupied units. The unit mix includes 4 townhomes and 6 apartments. The townhome units, located at 1401 E Fifth, are all 2-bedroom, 1.5-bathroom units with private entrances. The apartment building, located at 1415 E Fifth, includes six spacious 2-bedroom, 1-bathroom units. Recent updates include laminate flooring, paint, and some updated fixtures. Parking is partially paved, with the remainder in grass. According to the property manager, no major plumbing or electrical issues have been reported. The roof is over 10 years old and may need replacement soon. This property presents a chance to own a stable, income-generating property with upside potential in a revitalizing area.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Winston Salem
County
Forsyth
State
North Carolina
Longitude
-80.2284574
Latitude
36.1006509

FAQs

What type of property is this?
Apartment building - Fully occupied 10-unit multifamily property in East Winston.
Where is this apartment building located?
The property is located at 1401 E 5Th St, Unit 186B Winston Salem, NC.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: - Fully occupied 10-unit package ensures immediate income stream.; - Located in the growing East Winston area, offering potential for future appreciation.; - Mix of townhomes and apartments (4 townhomes and 6 apartments) provides tenant diversity.
More about this property
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