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504 West Sprague Street

Winston-Salem NC 27127

5
3
1
2264 sq. ft.
0.25 ac.
Single-Family
Currently for sale - view listing

Overview

FULLY FURNISHED, cash flowing rental! Currently split into two operational Airbnb units, with the option for a third unit in back, 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, with over $8k alone this May, 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 agent's website.

Features

5 bedrooms
3 bathrooms
1 carspace
1 garage space
2264 sq. ft. floor area
0.25 ac. lot size
Single-Family

Property history for 504 West Sprague Street

2023
Sold
$380,000
19 Apr 2023 by Mark Slawter, of OFFERPAD BROKERAGE LLC

Happy sellers in Winston-Salem

92%
92% of sellers in Winston-Salem reported that their sale price either exceeded or met their price expectations.

Winston-Salem stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Winston-Salem over the last 12 months.

Local market activity for 5 bedroom single-family properties in Winston-Salem

In the last 12 months, 15 five-bedroom single-family properties similar to 504 West Sprague Street, have been sold.

This represents a 40% decrease in five-bedroom single-family properties sales when compared to the previous 12 months.

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