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1112 Clark St
Rocky Mount, NC 27801
Quadplex w/ 10.37% Projected Cap Rate · Multifamily Property For Sale
·
4 Units
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
| Price Per Unit | $81,250 | Building Size | 3,211 SF |
| Sale Type | Investment | Average Occupancy | 75% |
| Cap Rate | 6.87% | No. Stories | 2 |
| No. Units | 4 | Year Built | 1982 |
| Property Type | Opportunity Zone |
Yes
|
|
| Lot Size | 0.28 AC |
| Price Per Unit | $81,250 |
| Sale Type | Investment |
| Cap Rate | 6.87% |
| No. Units | 4 |
| Property Type | |
| Lot Size | 0.28 AC |
| Building Size | 3,211 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1982 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $750.00 | - |
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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