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118 S Grace St 10 Unit Apartment Building $2,982,002 CAD ($298,200 CAD/Unit) 6% Cap Rate Rocky Mount, NC 27804

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INVESTMENT HIGHLIGHTS

Contract & Short Term Rental
Cash Flowing

New Construction Multifamily

EXECUTIVE SUMMARY

Part of Portfolio:
The ten (10) units have varying unit mixes to attract a broader range of renters.
Duplex #1: Two (2) Bedroom / Two (2) Bath
Duplex #2: Two (2) Bedroom / One and half (1.5) Bath
Duplex #3: One (1) Bedroom / One (1) Bath
Townhomes (4): Two (2) Bedroom / One and half (1.5) Bath

Portfolio OM.pdf

PROPERTY FACTS

Price	$2,982,002 CAD	Building Class	C
Price Per Unit	$298,200 CAD	Lot Size	0.19 AC
Sale Type	Investment or Owner User	Building Size	2,361 SF
Cap Rate	6%	No. Stories	2
No. Units	10	Year Built/Renovated	1913/2023
Property Type	Multifamily	Parking Ratio	2.96/1,000 SF
Property Subtype	Apartment	Cross Streets	Western Av
Apartment Style	Low-Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	OI - Office & Institutional

Price	$2,982,002 CAD
Price Per Unit	$298,200 CAD
Sale Type	Investment or Owner User
Cap Rate	6%
No. Units	10
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.19 AC
Building Size	2,361 SF
No. Stories	2
Year Built/Renovated	1913/2023
Parking Ratio	2.96/1,000 SF
Cross Streets	Western Av
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	OI - Office & Institutional