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100% Occupied 6 Unit Building 600 S Vyne St 6 Unit Apartment Building $468,000 ($78,000/Unit) 11.03% Cap Rate Rocky Mount, NC 27803
Investment Highlights
- Single story Brick Building w/ crawlspace
Executive Summary
6-unit building located at 600 S Vyne Street
Built in 1980 and 100% occupied, total of 4,170 square feet
Brick exterior
Single story w/ crawl Space
Central HVAC in all units
Metal Roof
Current Cap Rate: 11.03%
Projected Cap Rate: 11.55% (with modest rent increase to $800/unit)
Current NOI: $51,640
NOI at Market Rent: $54,040
All tenants are on month-to-month leases ranging from $750-800/mo
All units are individually metered and tenants pay water and electricity directly to providers; trash pickup is included on tenants' water bill.
Occupied units will not be shown until under contract
Built in 1980 and 100% occupied, total of 4,170 square feet
Brick exterior
Single story w/ crawl Space
Central HVAC in all units
Metal Roof
Current Cap Rate: 11.03%
Projected Cap Rate: 11.55% (with modest rent increase to $800/unit)
Current NOI: $51,640
NOI at Market Rent: $54,040
All tenants are on month-to-month leases ranging from $750-800/mo
All units are individually metered and tenants pay water and electricity directly to providers; trash pickup is included on tenants' water bill.
Occupied units will not be shown until under contract
Data Room Click Here to Access
Property Facts Under Contract
| Price | $468,000 | Apartment Style | Low-Rise |
| Price Per Unit | $78,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.46 AC |
| Cap Rate | 11.03% | Building Size | 4,170 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1980 |
| Zoning | R6 - Residential | ||
| Price | $468,000 |
| Price Per Unit | $78,000 |
| Sale Type | Investment |
| Cap Rate | 11.03% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 4,170 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1980 |
| Zoning | R6 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $775.00 | - |
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 3759-05-28-1926 | Improvements Assessment | $182,820 |
| Land Assessment | $58,860 | Total Assessment | $241,680 |
Property Taxes
Parcel Number
3759-05-28-1926
Land Assessment
$58,860
Improvements Assessment
$182,820
Total Assessment
$241,680
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100% Occupied 6 Unit Building | 600 S Vyne St
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