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118 S Grace St 10 Unit Apartment Building $2,155,576 ($215,558/Unit) 6% Cap Rate Rocky Mount, NC 27804
Investment Highlights
- Contract & Short Term Rental
- Cash Flowing
- New Construction Multifamily
Executive Summary
Part of Portfolio:
The ten (10) units have varying unit mixes to attract a broader range of renters.
Duplex #1: Two (2) Bedroom / Two (2) Bath
Duplex #2: Two (2) Bedroom / One and half (1.5) Bath
Duplex #3: One (1) Bedroom / One (1) Bath
Townhomes (4): Two (2) Bedroom / One and half (1.5) Bath
The ten (10) units have varying unit mixes to attract a broader range of renters.
Duplex #1: Two (2) Bedroom / Two (2) Bath
Duplex #2: Two (2) Bedroom / One and half (1.5) Bath
Duplex #3: One (1) Bedroom / One (1) Bath
Townhomes (4): Two (2) Bedroom / One and half (1.5) Bath
Property Facts
| Price | $2,155,576 | Building Class | C |
| Price Per Unit | $215,558 | Lot Size | 0.19 AC |
| Sale Type | Investment or Owner User | Building Size | 2,361 SF |
| Cap Rate | 6% | No. Stories | 2 |
| No. Units | 10 | Year Built/Renovated | 1913/2023 |
| Property Type | Multifamily | Parking Ratio | 2.96/1,000 SF |
| Property Subtype | Apartment | Cross Streets | Western Av |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | OI - Office & Institutional | ||
| Price | $2,155,576 |
| Price Per Unit | $215,558 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 2,361 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1913/2023 |
| Parking Ratio | 2.96/1,000 SF |
| Cross Streets | Western Av |
| Opportunity Zone |
Yes |
| Zoning | OI - Office & Institutional |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | - | - |
| 2+1.5 | 6 | - | - |
| 1+1 | 2 | - | - |
1 1
Property Taxes
| Parcel Number | 3850-18-40-4384 | Improvements Assessment | $217,710 |
| Land Assessment | $21,010 | Total Assessment | $238,720 |
Property Taxes
Parcel Number
3850-18-40-4384
Land Assessment
$21,010
Improvements Assessment
$217,710
Total Assessment
$238,720
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118 S Grace St
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