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1112 Clark St - Quadplex w/ 10.37% Projected Cap Rate 4 Unit Apartment Building Offered at $325,000 at a 6.87% Cap Rate Rocky Mount, NC 27801
Investment Highlights
- Beautiful, Low-Maintenance Brick Breezeway
- Recently renovated
Executive Summary
1982 Quadplex w/ 1 vacant unit
Current ents range from $625-$725
Projected 10.37% Cap rate at market rent ($750)
Units renovated in 2018/19
Vinyl Siding
Vinyl Windows
Asphalt Shingle Roof
Large asphalt parking lot
Brick Breezeway
Baseboard heat
Low maintenance window Unit ACs other than 1110 Clark St. Unit B which has a mini split w/ date code 2024
Interior pictures are from vacant unit
Current ents range from $625-$725
Projected 10.37% Cap rate at market rent ($750)
Units renovated in 2018/19
Vinyl Siding
Vinyl Windows
Asphalt Shingle Roof
Large asphalt parking lot
Brick Breezeway
Baseboard heat
Low maintenance window Unit ACs other than 1110 Clark St. Unit B which has a mini split w/ date code 2024
Interior pictures are from vacant unit
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $750.00 | - |
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 3759-74-0759-00 | Improvements Assessment | $104,807 |
| Land Assessment | $9,266 | Total Assessment | $114,073 |
Property Taxes
Parcel Number
3759-74-0759-00
Land Assessment
$9,266
Improvements Assessment
$104,807
Total Assessment
$114,073
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