420 Salem St

Multi-Family for Sale
Catylist Listing ID: 30032861
Number of Units: See Agent
Building Size (RSF): 33,640 SF
Sale Price: $864,000
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 4/16/2017

Overview / Comments

Great opportunity to purchase 24 townhome style apartments in an area of Lexington that is primarily a single family neighborhood. The property is well located near shopping and easy access to I-85 Business, US-52 and US-64 and not far from Childress Vineyards. Offered just abaove tax value, these apartments are near 100% occupancy. The apartments are large (1,140 SF), two-story units with two bedrooms and 1.5 baths and private patios. There are 5 buildings total with 3 buildings across Salem Street on a separate lot.

Additional Details

Nearest MSA: Winston-Salem
County: Davidson
Tax ID/APN: 6725-02-89-2895
Total Number of Buildings: 3
Number of Stories: 2
Year Built: 1984


Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,233 23,415 38,087
Median Age: 34.74 38.51 40
Households: 2,342 9,300 15,150
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