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$465,000

Beds
5
Baths
3.0
sq ft
2,264

504 West Sprague Street, Winston Salem, NC 27127

504 West Sprague Street

Winston-Salem, NC 27127

  • 73 days on market
SELLER FINANCE opportunity on a cash flowing rental! Currently split into two operational Airbnb units, this home offers flexibility for investors and homeowners alike. The main floor features a 3-bed, 2-bath unit with an open living area, modern kitchen, and comfortable bedrooms. Downstairs, the 2-bed, 1-bath basement unit has its own private entrance, ideal for extra income or guest accommodations. Combined, the units have grossed over $58K in the last 12 months using Airbnb, showcasing its strong income potential. The home also includes a shed/storage area that could be converted into a third studio unit, further maximizing rental income. It can also be rented on a mid-term basis through platforms like Furnished Finder, appealing to extended-stay renters or professionals. With minimal effort, the home could also be reconnected to serve as a 5-bed, 3-bath single-family home if need be. More details at www.theanderssongroup.com

Details

Property type

Single Family Residence

Est. home value

$386,748

Lot size

0.25 acres

Price per sq ft

$206

Year built

1920

Annual property taxes

$2,898.18

Price History

11/25/2024
TriadMLS

TriadMLS #1158650

Listed
$465,000
10/15/2024
TriadMLS

TriadMLS #1158650

Pending
$465,000
10/10/2024
TriadMLS

TriadMLS #1158650

Listed
$465,000
+22.37%

Schools & Community

Neighborhood: 

Washington Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

American National Bank & Trust Co

Loan start date

April 2023

Original loan amount

$304,000

Est. remaining balance

Not provided

Interest rate

6.5%

Loan type

Future Advance Clause / Open End Mortgage

Seller

Robert D Keifer Jr and Ellis E Keifer

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 12/22/2024 at 5:50 PM

Listing updated: 11/24/2024 at 9:56 PM

Listed by: Garrett Andersson, The Andersson Group Phone #: (828) 260-1877

MLS: TriadMLS #1158650

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