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4 Fully Occupied Units: Side-by-Side Duplexes 520 Suburb St 4 Unit Apartment Building $414,727 CAD ($103,682 CAD/Unit) 11.37% Cap Rate Rocky Mount, NC 27801
Executive Summary
Two single-story side-by-side duplexes (4 units total) located at 514-520 Suburb St.
Built in 1985 and 100% occupied, total of 2,820 square feet
Slab on grade foundation
Brick exterior
Metal roof on 518/520 Suburb Street
Asphalt shingle roof on 514/516 Suburb Street
Current Cap Rate: 11.37%
Projected Cap Rate: 12.18% (with modest rent increase to $800/unit market rent)
Current NOI: $33,891
NOI at Market Rent: $36,291
All tenants are on month-to-month leases at $750/mo
All units are individually metered and tenants pay water and electricity directly to providers; trash is included on tenants' water bill.
Built in 1985 and 100% occupied, total of 2,820 square feet
Slab on grade foundation
Brick exterior
Metal roof on 518/520 Suburb Street
Asphalt shingle roof on 514/516 Suburb Street
Current Cap Rate: 11.37%
Projected Cap Rate: 12.18% (with modest rent increase to $800/unit market rent)
Current NOI: $33,891
NOI at Market Rent: $36,291
All tenants are on month-to-month leases at $750/mo
All units are individually metered and tenants pay water and electricity directly to providers; trash is included on tenants' water bill.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$4,175
|
$1.48
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$4,175
|
$1.48
|
| Taxes |
$1,705
|
$0.60
|
| Operating Expenses |
$1,230
|
$0.44
|
| Total Expenses |
$2,935
|
$1.04
|
| Net Operating Income |
$1,240
|
$0.44
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $4,175 |
| Annual Per SF | $1.48 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $4,175 |
| Annual Per SF | $1.48 |
| Taxes (CAD) | |
|---|---|
| Annual | $1,705 |
| Annual Per SF | $0.60 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $1,230 |
| Annual Per SF | $0.44 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $2,935 |
| Annual Per SF | $1.04 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $1,240 |
| Annual Per SF | $0.44 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,044 CAD | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 3860-01-9971-00 | Total Assessment | $115,910 CAD |
| Land Assessment | $8,900 CAD | Annual Taxes | $1,705 CAD ($0.60 CAD/SF) |
| Improvements Assessment | $107,011 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
3860-01-9971-00
Land Assessment
$8,900 CAD
Improvements Assessment
$107,011 CAD
Total Assessment
$115,910 CAD
Annual Taxes
$1,705 CAD ($0.60 CAD/SF)
Tax Year
2025
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4 Fully Occupied Units: Side-by-Side Duplexes | 520 Suburb St
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