c.1926 Winston-Salem Investment Property Under $50K ~ Sold

604 E 16th St, Winston Salem, NC 27105

$42,500 Increased to $49,900 ~ Contingent ~ Sold for $48k

OHU50K NOTES

We don’t often find homes in Winston-Salem priced at under $50K. Mr. Clean has made an appearance at this investment property and some updates have been made, including new roof, paint, driveway, closets and kitchen counter.

OHU50K first featured this home in July 2019 when it was listed at $42,000. The owner has installed closets since then and has increased the price to $49,900. Perhaps the crime rate is the reason the home has been for sale for so long.

Winston-Salem is known as having good jobs in the tech, medical and financial fields. Average hourly wage is $15.87 and cost of living is about 9% lower than the national average.

3 bed
2 baths
6,098 sqft lot
Build date 1926
Google Map
Property Listing
Realtor: Sam Ogburn, Sr. with Home Real Estate Co

REALTOR COMMENTS

Owner has added closets to make home a true 3 bedroom. Brand new furnace. Recently replaced roof. May also rent this home for $795/month. Large kitchen and dining room. Sunroom in rear of the house is not included in the total heated sq ft (ceiling height less than 7′). Freshly painted, new kitchen countertops, new roof in 2018, and new concrete driveway 2018 in this investment property. Broker/owner.