Multifamily

Sterling Pointe

Listing Price: $1,325,000

Cap Rate
7.00%
Number of Units
16
GRM
10.15
Occupancy
103.29%
Price/Unit
$82,813
Price/Gross SF
$96.29
Gross SF
13,760

Investment Overview

The Sterling Pointe Apartments are situated in the Historic Fourth Street neighborhood in Downtown Winston-Salem, NC. This property has seen a complete renovation to the exterior and interior of all the units. The upgrades include new kitchen counter-tops, fresh paint, new luxury vinyl plank flooring, stainless steel appliances, and a refreshed parking lot. Ownership has invested over $100,000 of capital to the improvements of this property. The residents of Sterling Pointe enjoy the comfort of these newly remodeled units with the walk-ability to the Historic Fourth Street Neighborhood of Downtown Winston-Salem. With the continued evolution of Downtown Winston-Salem, the Sterling Pointe Apartments are well positioned to take advantage of organic rent growth through the increased demand for updated units in this sub-market.

Investment Highlights

  • Immediate Opportunity to Capture Rent Growth from Recent Upgrades
  • Well-Positioned Asset located in Downtown Winston Salem, SC
  • Completely Renovated Interiors

Exclusively Listed By

Listing Price: $1,325,000

Cap Rate
7.00%
Number of Units
16
GRM
10.15
Occupancy
103.29%
Price/Unit
$82,813
Price/Gross SF
$96.29
Gross SF
13,760

Investment Highlights

  • Immediate Opportunity to Capture Rent Growth from Recent Upgrades
  • Well-Positioned Asset located in Downtown Winston Salem, SC
  • Completely Renovated Interiors

Investment Overview

The Sterling Pointe Apartments are situated in the Historic Fourth Street neighborhood in Downtown Winston-Salem, NC. This property has seen a complete renovation to the exterior and interior of all the units. The upgrades include new kitchen counter-tops, fresh paint, new luxury vinyl plank flooring, stainless steel appliances, and a refreshed parking lot. Ownership has invested over $100,000 of capital to the improvements of this property. The residents of Sterling Pointe enjoy the comfort of these newly remodeled units with the walk-ability to the Historic Fourth Street Neighborhood of Downtown Winston-Salem. With the continued evolution of Downtown Winston-Salem, the Sterling Pointe Apartments are well positioned to take advantage of organic rent growth through the increased demand for updated units in this sub-market.

Exclusively Listed By

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