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Listed by Deaton Investment Real Estate
$5,300,000
Est. payment /mo
4 Beds
2 Baths
1,940 SqFt
Pending
1716 Lynne AVE Rocky Mount, NC 27801
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
Square Footage 1,940 sqft
Price per Sqft $2,731
Subdivision Meadowbrook
MLS Listing ID 10144144
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1978
Annual Tax Amount $2,005
Lot Size 1,940 Sqft
Property Sub-Type Duplex
Source Doorify MLS
Land Area 1940
Property Description
Selling as a package - The ''JLJB'' Rental Portfolio opportunity includes 61 properties, totaling 77 units, with 56 properties (71 units) located in Rocky Mount, N.C. and the remaining 5 properties (6 units) located in nearby Tarboro, N.C. Most of the properties have been owned and managed by members of the same family since construction. This is a great value-add opportunity to acquire a predominantly single-family rental portfolio with scale with the ability to increase rents and net income through physical and operational improvements. Additionally, the bulk pricing represents discount-to-market pricing for many of the individual homes. An investor could renovate and resale properties individually, at a profitable spread.
Location
State NC
County Edgecombe
Community Meadowbrook
Zoning R6
Interior
Heating See Remarks
Cooling Other
Flooring Varies, See Remarks
Fireplace No
Exterior
Parking Features See Remarks
Roof Type Shingle, Asphalt
Garage No
Building
Story One, Two
Foundation See Remarks
Water Public
New Construction No
Others
Tax ID 376948936500
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Nearby Locations
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