5785 Hickory Knoll Dr • Winston-Salem, NC 27106

Year Purchased: 2021
Purchase Amount: $6,350,000.00
Equity: $3,425,000.00

Bethabara Gardens Apartments were purchased in April 2021. Bethabara is a 110-unit apartment community in Winston-Salem, NC. Built in 1983, the property is well-maintained and enjoys many long-term tenants and high occupancy. The property was 98% leased at the time of closing, with many long-term tenants. The operating plan was to boost NOI by organically increasing rents while also increasing the marketing of units at turnover.