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504 W Sprague St, Winston Salem, NC, 27127

5beds
3baths
2,264sqft
$450,000
$199price/sqft
$3,081/moest. monthly cost
$123,240/yrincome needed

About This Home

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.

Getting Around

52
WalkingSomewhat Walkable
0
TransitVery Limited Transit
48
BikeSomewhat Bikeable

Schools

6/10
Latham ElementaryGrades PK-50.8 mi
1/10
Philo MiddleGrades 6-81.1 mi
3/10
Parkland HighGrades 9-121.0 mi

Construction

Condition

  • Year built: 1920

Materials

  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Property subType: Stick/Site Built,Residential,Single Family Residence

Interior

Appliances

  • Appliances included: Microwave,Cooktop,Dishwasher,Free-Standing Range,Gas Water Heater
  • Laundry features: 2nd Dryer Connection,2nd Washer Connection,Dryer Connection,In Basement,Main Level

Basement

  • Has basement: Yes
  • Basement: Finished, Basement

Bedroom2

  • Level: Main

Bedroom3

  • Level: Main

Bedroom4

  • Level: Basement

Bedroom5

  • Level: Basement

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 3
  • Main level bathrooms: 2

Breakfast

  • Level: Main

Dining Room

  • Level: Main

Features

  • Ceiling Fan(s),Dead Bolt(s),In-Law Floorplan,Pantry,Solid Surface Counter
  • Flooring: Tile,Vinyl
  • Finished area below ground: 591
  • Finished area above ground: 1,673

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,264
  • Total interior livable area: 2,264 sqft

Kitchen

  • Level: Basement

Kitchen

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Main

Property

Details

  • Parcel number: 6834163586
  • Zoning: RS7
  • Special condition: Owner Sale

Features

  • Levels: One
  • Stories: 1
  • Pool features: None
  • Patio & porch: Porch

Lot

  • Lot size: 0.25 Acres
  • Features: City Lot,Not in Flood Zone
  • Lot size dimensions: 148' x 63' x 145' x 85'

Parking

  • Total spaces: 1
  • Parking features: Carport,Driveway,Detached Carport
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • Has uncovered spaces: Yes
  • Carport: Yes