North Carolina
Winston-salem
504 W Sprague Street

$450,000

504 W Sprague Street, Winston-salem, NC 27127

5 beds |
3 baths |
2,264 sqft

Single-Family Home
Built in 1920
0.25acre lot
1 car garage
$199/sqft
Listed 5 months ago

Property Description

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.

Listing Status:: Active
Date Added:: May 14, 2025 at 05:00AM
Listing Office:: The Andersson Group : 828-260-1877
Listing Agent:: Garrett Andersson : 828-260-1877
MLS ID:: 1181013

General: Ceiling Fan(s)Dead Bolt(s)In-Law FloorplanPantrySolid Surface Counter
Appliances: MicrowaveCooktopDishwasherFree-Standing RangeGas Water Heater
Laundry: 2nd Dryer Connection2nd Washer ConnectionDryer ConnectionIn BasementMain Level
Basement: FinishedBasement
Flooring: TileVinyl
A/C: Central Air
Heating: Forced AirNatural Gas
Fireplace: Fireplaces: 0

General: Storage
Pool: None
Parking: CarportDrivewayDetached Carport

General: Vinyl SidingOne

Originating MLS: Triad MLS
County: Forsyth

Zoning: RS76834163586

Water: Public
Sewer: Public Sewer

Source: Triad MLS

This listing courtesy of Garrett Andersson, The Andersson Group

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Diggs-Latham Elementary School

986 Hutton St, Winston Salem, NC, 27101

Grades PK-5

0.79 miles away

Main Street Academy

2700 S Main St, Winston Salem, NC, 27127

Grades 6-12

0.66 miles away

Main Street Academy

2700 S Main St, Winston Salem, NC, 27127

Grades 6-12

0.66 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.