Villas at the Vineyard

1970

134

2022

Villas at the Vineyard is a multifamily residential apartment complex located in Winston-Salem, North Carolina. After acquiring the property in its current condition, the Company plans to renovate all of the existing units at various levels of renovation. Villas at the Vineyard has 134 units and amenities including a swimming pool, grilling and dining area, a playground, a dog park, a fitness center, a community center and a business center. Villas at the Vineyard offers residents a choice of one and two-bedroom units that range from 725 – 825 square feet and 1,055 square feet, respectively. RockBridge assumes the property will continue to experience low vacancy rate after stabilization and when new leases are in place on renovated units, average rents are estimated to increase roughly $240 after completing all renovations.