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Listed by Braddock Realty
$ 298,000
Est. payment /mo
Pending
514-520 Suburb Street Rocky Mount, NC 27801
8 Beds
4 Baths
2,820 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 2,820 sqft
Price per Sqft $105
Subdivision To Be Added
MLS Listing ID 10156293
Style Duplex,Multi Family,Quadruplex,Site Built
Bedrooms 8
Full Baths 4
HOA Y/N No
Abv Grd Liv Area 2,820
Year Built 1985
Annual Tax Amount $1,225
Lot Size 0.300 Acres
Acres 0.3
Property Sub-Type Quadruplex
Source Triangle MLS
Property Description
Two single-story side-by-side duplexes (4 units total) located at 514-520 Suburb St.
All 2bed/1bath units
Built in 1985 and 100% occupied, total of 2,820 square feet
Slab on grade foundation
Brick exterior
Metal roof on 518/520 Suburb Street
Asphalt shingle roof on 514/516 Suburb Street
Current Cap Rate: 11.37%
Projected Cap Rate: 12.18% (with modest rent increase to $800/unit market rent)
Current NOI: $33,891
NOI at Market Rent: $36,291
All tenants are on month-to-month leases at $750/mo
All units are individually metered and tenants pay water and electricity directly to providers; trash is included on tenants' water bill.
All 2bed/1bath units
Built in 1985 and 100% occupied, total of 2,820 square feet
Slab on grade foundation
Brick exterior
Metal roof on 518/520 Suburb Street
Asphalt shingle roof on 514/516 Suburb Street
Current Cap Rate: 11.37%
Projected Cap Rate: 12.18% (with modest rent increase to $800/unit market rent)
Current NOI: $33,891
NOI at Market Rent: $36,291
All tenants are on month-to-month leases at $750/mo
All units are individually metered and tenants pay water and electricity directly to providers; trash is included on tenants' water bill.
Location
State NC
County Edgecombe
Rooms
Basement Crawl Space
Interior
Heating Central
Cooling Central Air
Flooring Vinyl
Exterior
View Y/N Yes
Roof Type Asphalt,Metal
Private Pool No
Building
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 386001997100
Special Listing Condition Standard
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