1242 West Academy Street
1242 West Academy Street
Description
-Prime location near downtown...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.
- Listed by Jay Powell • Dalton Wade, Inc. • jpowell05@gmail.com
Property Details for 1242 West Academy Street
Location
Property Details for 1242 West Academy Street
| Status | Active |
|---|---|
| MLS # | 4142395 |
| Days on Market | 20 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income / Triplex |
| Year Built | 1954 |
| Lot Size | 0.99 AC / 43,124 SF |
| County | Forsyth County |
Location
Building Information for 1242 West Academy Street
Payment Calculator
$3,637 per month
30 year fixed, 7.25% Interest
$3,547
$90
$0
Property Information for 1242 West Academy Street
- Longitude: -80.25915
- Zoning: RM
- Latitude: 36.08406
- HOA Subject To: None
- Tax Assessed Value: $80,400.00
- Parcel Number: 6825-71-9845.000
- City Taxes Paid To: Winston Salem
- Middle Or Junior School: Unspecified
- High School: Unspecified
- Elementary School: Unspecified
- Open Parking: No
- Carport: No
- Garage: No
- Main Level Garage: No
- Above Grade Finished Area: 1918.0
- Below Grade Finished Area: 750.0
- Sq Ft Unheated Basement: 584
- Lot Size Units: Acres
- Property Type: Residential Income
- Geocode Confidence: High
- Down Payment Resource: 1
- New Construction: No
- Photos Count: 5
- Road Responsibility: Publicly Maintained Road
- Construction Type: Site Built
- Assumable: No
- Senior Community: No
- Green Verification Count: 0
- Sewer: Public Sewer
- Water Source: City
- Construction Materials: Brick Full
- Road Surface Type: Gravel
- Appliances: Electric Range, Electric Water Heater, Refrigerator
- Cooling: Window Unit(s)
- Heating: Electric
- Laundry Features: None
- Fireplace: No
- Foundation Details: Crawl Space
- Basement: No
- Stories: 2
- Number Of Units Total: 3
- Tenant Pays: All Utilities
- Pets Allowed: Yes
Property History for 1242 West Academy Street
| Date | Event & Source | Price | Appreciation |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1242 West Academy Street
Schools near 1242 West Academy Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 11 to 12 |
Rating | School | Distance |
|---|---|---|
Brunson Elementary PublicPK to 5 | ||
Wiley Middle Public6 to 8 | ||
Reynolds High Public9 to 12 | ||
Middle College Of Forsyth Cnty Public11 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Dalton Wade, Inc.
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