Value-Add Opportunity in Historic West End Neighborhood! This fully occupied Quadplex does not come along often in West End. The property consists of four spacious 1BR/1BTH that are very clean with solid bones throughout. Majority of the mechanicals have been upgraded and the property offers on-site parking in the rear with a carport. The property is metered for gas and electric individually. It is situated off the corner of Northwest Blvd and Hawthorne Rd providing direct walking access to all the major amenities West End has to offer: Hanes Park, West End Millworks, The Porch, Cin-Cin Burger Bar, and so much more. This is a great investment opportunity for someone looking for the opportunity to own in a great neighborhood with long-term upside and tons of ammentities. Rent Roll available upon request. Showing available upon written LOI. These listings don’t come up often so don’t wait!
Property Details
Property Features
Property Information:
Year Built: 1920
Listing Office:
Office Name: LPT Realty, LLC
Office Phone: (877) 366-2213
Listing Agent: Kelly Fox
Interior Features
Interior Information:
Appliances: Electric Water Heater
Exterior Features
Parking Information:
Garage Space: 2 spaces
Parking: Carport, Driveway, Detached Carport
Utilities
Utilities Information:
Heating: Forced Air, Electric, Natural Gas
Cooling: Central Air
Other
Directions Information:
Directions: Heading north on N Hawthorne Road off W 1st St, turn left onto W Northwest Blvd. Property is second house on right side.
Price Information
Listing Price Info
Price Summary:
List Price: $524,999
Tax Information:
Annual Amount: $2,457
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Winston-Salem, NC.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,688
Per Month
Principal & Interest
$2,621
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,640
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Brunson Elementary School
155 N Hawthorne Rd
Distance between this listing and this school0.28 miles
Public Magnet Grades PK-5
6
/10
Cook Literacy Model School
920 W 11th St
Distance between this listing and this school0.96 miles
Public District Grades PK-5
4
/10
Moore Magnet Elementary School
451 Knollwood St
Distance between this listing and this school1.17 miles
Public Magnet Grades PK-5
Nearby Schools
2
/10
Wiley Magnet Middle School
1400 W Northwest Blvd
Distance between this listing and this school0.11 miles
Public Magnet Grades 6-8
8
/10
The Downtown School
601 N Cherry St
Distance between this listing and this school1.18 miles
Public Magnet Grades PK-8
6
/10
The Arts Based School
1380 N Martin Luther King Jr Dr
Distance between this listing and this school1.41 miles
Public Charter Grades KG-8
Nearby Schools
3
/10
R J Reynolds High School
301 N Hawthorne Rd
Distance between this listing and this school0.33 miles
Public Magnet Grades 9-12
2
/10
Paisley International Baccalaureate Magnet School
1394 Thurmond St
Distance between this listing and this school1.14 miles
Public Magnet Grades 6-10
8
/10
Early College of Forsyth County
2100 Silas Creek Pkwy
Distance between this listing and this school1.96 miles
The neighbors living near this home have an average income of $148,191. Typical income of Winston-Salem, NC residents is between $100k-200k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.
This home is located at 1515 W NW Blvd in Winston Salem, NC and zip code 27104 in the West Highlands neighborhood. This home was built in 1920. It has been listed on Rocket Homes since May 23, 2024 and is currently priced at $524,999.
Over 63 listings were sold over their listed price in November 2024 in Winston-Salem, NC. In the same period over 111 listings were sold below the listed price and 36 listings were sold for the listed price. The number of listings in Winston-Salem, NC decreased by 1% between October 2024 and November 2024. In November 2024, listings were on the market for 32 days. During the same period, the median list price in this real estate market was $268,244.
From Rocket Homes Real Estate and based on county public records data.