Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

944 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Multi-Family Rental Unit Portfolio

5 Residential Properties Offered at £4,232,166 in Rocky Mount, NC

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Recent updates include new windows, doors, security lighting, paint, flooring, etc.

Executive Summary

HOMESTEAD Real Estate Group LLC is pleased to present the exclusive opportunity to acquire to FIFTY SIX UNIT RENTAL PORTFOLIO FORSALE, a multi-family building comprised of 56 FULLY RENOVATED 2BD/1 or 1.5BA units ideally located in Rocky Mount, NC. This renovated rental package is a great affordable housing or workforce housing investment. A five year pro forma is available upon request. All tenants are month to month and the rent rates are all below the HUB 2024 FMR for Edgecombe County of $1,035.00 for a 2 bedroom unit so there is "value add" potential of an estimated 22-27% on the rent rates alone.

Brochure

Property Facts

Price	£4,232,166	Number of Properties	5
Price / SF	£199.20 / SF	Individually For Sale	0
Net Initial Yield	8.10%	Total Building Size	21,246 SF
Sale Type	Investment	Total Land Area	1.43 AC
Status	Active

Price	£4,232,166
Price / SF	£199.20 / SF
Net Initial Yield	8.10%
Sale Type	Investment
Status	Active
Number of Properties	5
Individually For Sale	0
Total Building Size	21,246 SF
Total Land Area	1.43 AC

Properties

Property Name / Address	Property Type	Size	Year Built	Individual Price
2021 Vance St, Rocky Mount, NC 27801	Residential	7,050 SF	1995	-
1900-1960, Rocky Mount, NC 27803	Residential	3,000 SF	1990	-
1100 Cypress St, Rocky Mount, NC 27801	Residential	4,374 SF	1986	-
500 Sutton Rd, Rocky Mount, NC 27801	Residential	5,310 SF	1994	-
809 Norfolk St, Rocky Mount, NC 27801	Residential	1,512 SF	1993	-