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77 Unit Rental Portfolio Rocky Mount, NC 4 Multifamily Properties Offered at $7,958,687 CAD in Multiple Locations
Investment Highlights
- 49 single-family homes, 10 duplexes, 2 quads
- Current Gross Potential Rent of $67,500 per month
- Average year built across all properties of 1974
- Current monthly rent roll is approximately $48,000 at 86% occupancy
- Potential rents could exceed $70,000 per month with improvements
- Combined 2025 tax value of approximately $5.6m or $73K per unit
Executive Summary
Deaton is please to present for sale, as the exclusive broker for the seller, the “JLJB” Rental Portfolio. The 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
Property Facts
| Price | $7,958,687 CAD | Number of Properties | 4 |
| Price / SF | $92.42 CAD / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 86,112 SF |
| Status | Active |
| Price | $7,958,687 CAD |
| Price / SF | $92.42 CAD / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 86,112 SF |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
49 Single Family Homes in Rocky Mount, NC
101 Swanson Ct, Rocky Mount, NC 27801 |
Multifamily | 63,092 SF | - | - |
|
10 Duplex Units in Rocky Mount, NC
1716 Lynne Ave, Rocky Mount, NC 27801 |
Multifamily | 15,440 SF | - | - |
|
Hazelwood Multifamily
508 Nelson St, Rocky Mount, NC 27803 |
Multifamily | 3,360 SF | - | - |
|
Tarboro Multifamily
502 Martin Luther King Junior Dr, Tarboro, NC 27886 |
Multifamily | 4,220 SF | - | - |
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77 Unit Rental Portfolio Rocky Mount, NC
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