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6-Unit w/ Rent Ready Vacancies 814 Sunset Ave 6 Unit Apartment Building $445,000 ($74,167/Unit) Rocky Mount, NC 27804
Executive Summary
Braddock Realty presents:
814 Sunset Ave is a 6-unit multifamily building in Rocky Mount renovated in 2022-2023 with granite countertops, new flooring, and updated systems.
Three units are currently occupied (2, 3, and 5) and three are vacant and rent-ready (1, 4, and 6), offering a buyer immediate lease-up upside.
At market rents and full occupancy, stabilized pro-forma Cap Rate of 10.80%
Window AC units and baseboard heat
Common water connection - water/sewer is billed to tenant by landlord; tenants pay electric individually to utility provider
814 Sunset Ave is a 6-unit multifamily building in Rocky Mount renovated in 2022-2023 with granite countertops, new flooring, and updated systems.
Three units are currently occupied (2, 3, and 5) and three are vacant and rent-ready (1, 4, and 6), offering a buyer immediate lease-up upside.
At market rents and full occupancy, stabilized pro-forma Cap Rate of 10.80%
Window AC units and baseboard heat
Common water connection - water/sewer is billed to tenant by landlord; tenants pay electric individually to utility provider
Property Facts
| Price | $445,000 | Lot Size | 0.22 AC |
| Price Per Unit | $74,167 | Building Size | 5,322 SF |
| Sale Type | Investment | Average Occupancy | 50% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1950/2023 |
| Property Subtype | Apartment | Parking Ratio | 1.69/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | R6 | ||
| Price | $445,000 |
| Price Per Unit | $74,167 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 5,322 SF |
| Average Occupancy | 50% |
| No. Stories | 3 |
| Year Built/Renovated | 1950/2023 |
| Parking Ratio | 1.69/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R6 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $750.00 | - |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 3850-18-31-2124 | Improvements Assessment | $270,070 |
| Land Assessment | $11,380 | Total Assessment | $281,450 |
Property Taxes
Parcel Number
3850-18-31-2124
Land Assessment
$11,380
Improvements Assessment
$270,070
Total Assessment
$281,450
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