1111 Salem Valley RdWinston-Salem, NC 27103

Property Details for 1111 Salem Valley Rd

Year built

1968

Lot size

7.82 AC

Property type

Apartment buildings

Description

This exceptional 141-unit apartment complex, known as Salem Crossing Apartments, presents a compelling value-add investment opportunity in Winston-Salem, North Carolina. Located at 1111 Salem Valley Rd, Forsyth County, zip code 27103, this property boasts a prime location off major thoroughfares, Peters Creek Parkway and Silas Creek Parkway, offering convenient access to the surrounding area. The complex comprises ten two-story buildings constructed in 1968 and extensively renovated in 2014, sitting on a substantial 7.82-acre lot (APN: 6824-97-2949). Currently operating at 93% occupancy, the property features a mix of one-bedroom/one-bathroom and two-bedroom/one-bathroom units. The property is zoned RM18, providing flexibility for future development. With below-market rents, this asset presents significant potential for increased revenue and return on investment. The property's strong historical occupancy rates and its location within an opportunity zone further enhance its appeal to discerning investors. This is a rare chance to acquire a well-maintained, multi-family property with substantial upside potential in a thriving North Carolina market. The asking price for this exceptional investment opportunity is $8,000,000.

Location Insight

City

Winston-Salem

County

Forsyth

State

North Carolina

Latitude

36.0745

Longitude

-80.255

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