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22 Units with 1 block in Rocky Mount, NC 1 Multifamily Properties Offered at $1,727,000 in Rocky Mount, NC
Investment Highlights
- 2 sets of 2 buildings, only 1 block from each other
- 22 units with nearly identical 2 bed /1 bath floor plan
Executive Summary
22 units, 4 total buildings within 1 block of each other
514/520 Cascade Ave: 12 units between the 2 buildings that share an asphalt parking lot
1600 Betz St/700 Nelson St: 10 units between 2 buildings that are connected w/ separate gravel parking lots
All units are 2bed/1bath and have mini splits for heating/cooling
Units are all the same general layout
Each building is on its own lot. 4 lots for a total of 1.54 acres according to Nash County GIS
Electricity is individually metered and paid by tenants directly to the provider
Water is individually sub-metered
8 vacancies, 14 Occupied units with rents ranging from $750-$850/mo
Projected stabilized cap rate of 12.33%
514/520 Cascade Ave: 12 units between the 2 buildings that share an asphalt parking lot
1600 Betz St/700 Nelson St: 10 units between 2 buildings that are connected w/ separate gravel parking lots
All units are 2bed/1bath and have mini splits for heating/cooling
Units are all the same general layout
Each building is on its own lot. 4 lots for a total of 1.54 acres according to Nash County GIS
Electricity is individually metered and paid by tenants directly to the provider
Water is individually sub-metered
8 vacancies, 14 Occupied units with rents ranging from $750-$850/mo
Projected stabilized cap rate of 12.33%
Data Room Click Here to Access
Property Facts
| Price | $1,727,000 | Number of Properties | 4 |
| Price / SF | $394.83 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 4,374 SF |
| Status | Active | Total Land Area | 0.43 AC |
| Price | $1,727,000 |
| Price / SF | $394.83 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 4,374 SF |
| Total Land Area | 0.43 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 520 Cascade Ave, Rocky Mount, NC 27803 | Multifamily | 4,374 SF | 1976 | - |
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22 Units with 1 block in Rocky Mount, NC
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