1242 W Academy St, Winston Salem, NC, 28214

$650,000

Home List Price

$7,719*

Closing Credit

0 Baths
2,668 SqFt
$244/SqFt
Multi
Schools Nearby

Location

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1242 W Academy St, Winston-Salem$650,000

Buyer Closing Credits

$7,719*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingParking Lot
Year Built1954
HeatingElectric
CoolingWindow Unit(s)
MLS #4142395
StatusActive

About 1242 W Academy St

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 Details

Property Features

Property Information:

  • Architectural Style: A-Frame
  • Year Built: 1954
  • Stories: 2
  • Living Area: 2,668 SqFt

Listing Office:

  • Office Name: Dalton Wade, Inc.

Interior Features

Interior Information:

  • Appliances: Electric Range, Electric Water Heater, Refrigerator
  • Basement: No

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Parking Lot

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Window Unit(s)

School Info

Assigned Schools Information:

  • R J Reynolds High School, Public District Grades 9-12
  • Early College of Forsyth County, Public District Grades 9-12
  • Wiley Middle School, Public District Grades 6-8
  • Brunson Elementary School, Public District Grades KG-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $650,000
  • Price Per SqFt: $244/SqFt

Tax Information:

  • Annual Amount: $576
  • Tax Year: 2020
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MLS Details

MLS Information:

  • MLS Number: #4142395

Listing Office:

  • Office Name: Dalton Wade, Inc.

IDX Listings courtesy of Canopy MLS as distributed by MLS GRID.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/15/2024, 11:51:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 28, 2000Home Sold
$58,500

Tax History

YEARPROP. TAXASSESSMENT
2020$576$76,900
2018$550$76,900
2017$551$41,700

History based on county public records data.

Payment Calculator

$3,312

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,015

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1531814
4
/10

  • Brunson Elementary School

  • 155 N Hawthorne Rd

  • 0.81 miles

  • Public District Grades KG-5

Middle School

school-card-donut-1531815
2
/10

  • Wiley Middle School

  • 1400 W Northwest Blvd

  • 1.06 miles

  • Public District Grades 6-8

High School

school-card-donut-1531816
3
/10

  • R J Reynolds High School

  • 301 N Hawthorne Rd

  • 1.26 miles

  • Public District Grades 9-12

school-card-donut-1531817
8
/10

  • Early College of Forsyth County

  • 2100 Silas Creek Pkwy

  • 1.26 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

All data provided by Home Junction and Claritas

Rocket Homes›North Carolina›Forsyth County›Winston-Salem›28214›1242 W Academy St

This home is located at 1242 W Academy St in Winston Salem, NC and zip code 28214 in the Ardmore neighborhood. This 2,668 square foot home was built in 1954. It has been listed on Rocket Homes since May 20, 2024 and is currently priced at $650,000.

From Rocket Homes Real Estate and based on county public records data.

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