520 Suburb St - Apartments FOR SALE


Rocky Mount, NC 27801
$298,000 USD
888-731-1710
520 Suburb St, Rocky Mount, NC for Sale
$298,000 USD
Apartments - FOR SALE
1/12
null | 11.37% Cap Rate

520 Suburb St
Rocky Mount, NC 27801


OVERVIEW

Two single-story side-by-side duplexes (4 units total) located at 514-520 Suburb St. 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.

FOR SALE DETAILS

PRICE

$298,000 USD

PRICE/SF

$106 USD /SF

# OF UNITS

4

PRICE/UNIT

$74,500

CAP RATE

11.37%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4 Fully Occupied Units: Side-by-Side Duplexes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

R-6MFA

APN/PARCEL ID

3860-01-9971-00

ASK ABOUT THIS PROPERTY

Benjamin RiegelBraddock RealtyMore Info
888-731-1710

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Benjamin RiegelBraddock RealtyMore Info
888-731-1710

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.