494 N Cleveland Avenue, Winston Salem, NC 27101
- $1,050,000
- Sold Price
- $1,050,000
- List Price
- $1,150,000
- Closing Date
- Feb 28, 2024
- MLS#
- 1128159
- Status
- CLOSED
- Type
- Multifamily
- Subtype
- Apartment
- Lot Size
- 37,461
Property Description
We are pleased to present an exceptional investment opportunity with significant value add potential. This prime property is conveniently situated just across the street from the highly anticipated Metropolitan Village development and is only moments away from a vibrant array of downtown restaurants and amenities, including the renowned Bailey Park. Featuring 15 spacious apartments, each consisting of two bedrooms and one bath, this property is perfectly positioned in a rapidly expanding area. Its strategic location ensures the potential for substantial growth and a rewarding return on investment.
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Additional Information
- Acres
- 0.86
- Appliances
- Electric Water Heater
- Built Information
- Existing
- Cooling Type
- Window Unit(s)
- Environmental Hazards
- No
- Heating
- Forced Air, Wall Furnace, Electric
- Heating Fuel
- Electric
- Land Description
- City Lot
- Lot Description
- City Lot
- Lot Dimensions
- 144 x 97 x 149 x 100
- Lot Size
- 37,461
- Parking
- Paved
- Sewer
- Public Sewer
- Show Street Address
- Yes
- Total Units
- 15
- Water
- Public
- Water Heater
- Electric
- Year Built
- 1965
Mortgage Calculator
Listing courtesy of GAC Management Group. Contact:
Selling Office: Real Broker LLC.