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...
ck piers Some original 6 over six double hung windows and some newer 1 over one replacement windows Shed roof over central entry Standing seam metal roof and exposed rafter tails and arches over stair entrances A fire earlier this year has left the complex awaiting renewal, so extensive rehabilitation will be required.. As a contributing structure in the North Cherry Street National Register Historic District, it is eligible for the 20% Federal Rehabilitation tax credits for income producing properties. Almost all of the other Y plan stair apartment buildings on North Cherry Street have been rehabbed. Thanks to a coordinated and sustained effort by the City, Habitat for Humanity and private developers, the neighborhood itself has seen an infusion of rehabbed and new infill homes, new people and new ways to think about revitalizing neighborhoods. These efforts have been recognized both locally and nationally as a model for community revitalization. The apartment is only 3 mis from downtown Winston Salem, the skyline of which is readily visible from the porches of the apartments. It is strategically situated at the intersection of 14th and Cherry streets, and across the street is a recreational complex featuring tennis courts. Kimberly Park Elementary School is within easy walkable distance . Wake Forest University, the Coliseum, Farmers Market and the Fairgrounds are all within close proximity. The neighborhood boasts great pedestrian walkways as well as public transportation. For more details on historic homes for sale and preservation resources, visit us on the web at http://www.historicforsale.com!This Winston Salem, NC rent to own home is a townhouse or condo with , 6 beds and 6 baths. To learn more about this rent to own home or other rent to own homes, make sure to click on the tabs above.
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.