Downtown Villas - Rocky Mount 3 Multifamily Properties Offered at $1,995,000 in Rocky Mount, NC

Downtown Villas is a turnkey portfolio of 10 furnished residences operating within one centralized community in Rocky Mount. Currently operating as extended-stay housing. Generating approximately $214,000 in annual revenue and over $131,000 in NOI, the portfolio combines cash flow with operational infrastructure, individually deeded parcels, and embedded growth opportunities. 3 duplexes and 4 townhomes in one location, with income expansion opportunity to add two ADUs in the rear. All units have been renovated or are newly built, requiring minimal maintenance. Modern design, new stainless steel appliances, and smart systems including security and electronic keypads.
Property Address (with Bedroom/Bathrooms): 118 S Grace St (2/2), 122 S. Grace St (2/1.5), 128 S Grace St (1/1), and 4 townhomes on Western Ave (2/1.5 each). All units are renovated and fully furnished.
See videos for an overview of the portfolio, linked below. *Sold only as a portfolio.* Interested investors should reach out for additional details, including photos for all units, financial data, pro forma, and other investment questions.
Investment overview
- Turnkey multifamily property: 3 duplexes and 4 townhomes, fully furnished
- Built or renovated: 2023–2024, requiring minimal maintenance
- Purpose-built for extended-stay furnished housing
- Income expansion potential: add two additional ADUs on two parcels (10 ? 12 units)
- Cash Flow: $214K+ Revenue, $131K+ NOI
- Operational Infrastructure: Established systems provide operational efficiencies and management flexibility, with self-management upside
- Established guest reputation: 100+ Reviews
- Proximity to UNC Health Nash, Rocky Mount Mills, Downtown Rocky Mount, I-95 access
Duplex video: https://www.youtube.com/watch?v=Xr7Kftu9a8w&list=PL97yW2ILAYbJksfoSCRjk5gnvv4SFWtyo
Townhomes video: https://www.youtube.com/watch?v=i20BB-duWKs&list=PL97yW2ILAYbJksfoSCRjk5gnvv4SFWtyo&index=2