600 S Vyne St - Apartments FOR SALE


Rocky Mount, NC 27803
$468,000 USD
888-731-1710
600 S Vyne St, Rocky Mount, NC for Sale
$468,000 USD
Apartments - FOR SALE
1/11
null | 11.03% Cap Rate

600 S Vyne St
Rocky Mount, NC 27803


HIGHLIGHTS

  • Single story Brick Building w/ crawlspace

OVERVIEW

6-unit building located at 600 S Vyne Street Built in 1980 and 100% occupied, total of 4,170 square feet Brick exterior Single story w/ crawl Space Central HVAC in all units Metal Roof Current Cap Rate: 11.03% Projected Cap Rate: 11.55% (with modest rent increase to $800/unit) Current NOI: $51,640 NOI at Market Rent: $54,040 All tenants are on month-to-month leases ranging from $750-800/mo All units are individually metered and tenants pay water and electricity directly to providers; trash pickup is included on tenants' water bill. Occupied units will not be shown until under contract

FOR SALE DETAILS

PRICE

$468,000 USD

PRICE/SF

$112 USD /SF

# OF UNITS

6

PRICE/UNIT

$78,000

CAP RATE

11.03%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

100% Occupied 6 Unit Building

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

R6

APN/PARCEL ID

3759-05-28-1926

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.