rent to own home - Winston Salem, NC - a townhouse or condo

Be a part of the rejuvenation of 1 of Winston-Salems unique in-town National Register Historic districts! Built ca. 1930, this interesting omplex is 1 of the remaining Y-plan stair apartments for which Winston Salem has 1 of the largest known assembled collections. The Y plan stair apartment form is a unique African-American building type found in Winston-Salem. This particular building is believed to be the only expanded/modified 8 bay version of its kind to exist in the city. The North Cherry Street area was established in the 1920s as a haven for Winston-Salems middle class black population and was home to a thriving community of teachers, entrepreneurs and business owners. . The Y-plan stair property type was developed in the 1930s as an alternative rental option to the wooden frame shotgun houses of an earlier era. During the 1930s, 40s and 50s this particular apartments renters included many working class and domestics including butlers, maids, cooks and chauffeurs who served nearby estates. This two level brick complex features: 6 apartments, each about 636 square ft 8 bays with a side gable on stepped parapet with Y-plan staircase Double level porch with double height bri...

Rent-to-own homes can be purchased using a Lease Option. This means the buyer rents the home for a set period of time, sets aside a portion of monthly rent payments during this time, and then has an option to purchase the home later, using the accumulated savings toward the down payment. Rent-To-Own properties offer home ownership opportunities to those who have poor credit or can't afford the down payment. It gives buyers time to rebuild their credit and accumulate purchase credits while living in the house.

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Property Info
Property ID225061556
Living Area (sqft)3,820
Property TypeTownhouse or Condo

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