Multi-Family Rental Unit Portfolio
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Multi-Family Rental Unit Portfolio
5 Multifamily Properties Offered at $7,690,432 CAD in Rocky Mount, NC
Investment Highlights
- Recent updates include new windows, doors, security lighting, paint, flooring, etc.
Executive Summary
HOMESTEAD Real Estate Group LLC is pleased to present the exclusive opportunity to acquire to FIFTY SIX UNIT RENTAL PORTFOLIO FORSALE, a multi-family building comprised of 56 FULLY RENOVATED 2BD/1 or 1.5BA units ideally located in Rocky Mount, NC. This renovated rental package is a great affordable housing or workforce housing investment. A five year pro forma is available upon request. All tenants are month to month and the rent rates are all below the HUB 2024 FMR for Edgecombe County of $1,035.00 for a 2 bedroom unit so there is "value add" potential of an estimated 22-27% on the rent rates alone.
Property Facts
| Price | $7,690,432 CAD | Number of Properties | 5 |
| Price / SF | $361.97 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 8.10% | Total Building Size | 21,246 SF |
| Sale Type | Investment | Total Land Area | 1.43 AC |
| Status | Active |
| Price | $7,690,432 CAD |
| Price / SF | $361.97 CAD / SF |
| Cap Rate | 8.10% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 21,246 SF |
| Total Land Area | 1.43 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1900-1960, Rocky Mount, NC 27803 | Multifamily | 3,000 SF | 1990 | - |
| 809 Norfolk St, Rocky Mount, NC 27801 | Multifamily | 1,512 SF | 1993 | - |
| 500 Sutton Rd, Rocky Mount, NC 27801 | Multifamily | 5,310 SF | 1994 | - |
| 1100 Cypress St, Rocky Mount, NC 27801 | Multifamily | 4,374 SF | 1986 | - |
| 2021 Vance St, Rocky Mount, NC 27801 | Multifamily | 7,050 SF | 1995 | - |
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Multi-Family Rental Unit Portfolio
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