2004 S Church Street Active Save Request In-Person Tour Request Virtual Tour
Rocky Mount,NC 27803
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,968 sqft
Price per Sqft $47
Subdivision Not In A Subdivision
MLS Listing ID 10124494
Style Multi Family,Quadruplex
Bedrooms 8
Full Baths 4
Half Baths 4
Year Built 1972
Annual Tax Amount $672
Lot Size 0.300 Acres
Property Sub-Type Quadruplex
Property Description
Investor Special! Quadruplex in Rocky Mount
Calling all investors - incredible opportunity with huge upside! This four-unit property offers a total of 3,968 sq ft across four spacious 2 bedroom, 1.5 bath units (each 992 sq ft).
Property needs a full rehab and will not qualify for conventional financing - cash or hard money only. The heavy lifting has already been done: both a professional appraisal and renovation estimate are in hand, and the seller is willing to complete the rehab turn-key for approximately $150,000 (depending on finishes).
Appraised Value (Sales Comparison): $312,000
Appraised Value (Income Approach): $339,000
Section 8 Approved Rent: $1,130 per unit
Projected Rental Income: $4,528/month
With four income-producing units, Section 8 rent approval, and the potential to deliver turn-key, this property is a true diamond in the rough. Don't miss your chance to secure a cash-flowing asset in Nash County!
Location
State NC
County Nash
Interior
Heating Central
Cooling Central Air
Flooring Combination
Exterior
View Y/N Yes
Roof Type Shingle
Building
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Brick Veneer,Vinyl Siding
New Construction No
Schools
Elementary Schools Nash - Williford
Middle Schools Nash - Rocky Mount
High Schools Nash - Rocky Mount
Others
Special Listing Condition Standard