For Sale
$426,000

604 Arrington Ave Rocky Mount, NC 27803

Six-unit apartment building, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a six-unit apartment complex located at 604 Arrington Ave, Rocky Mount, NC 27803. The property consists of two buildings, one a fourplex and the other a duplex, situated on a single lot. The complex comprises four two-bedroom, one-bathroom units and two one-bedroom, one-bathroom units. Built between 1935 and 1978, the property underwent significant renovations between 2022 and 2024, with four of the six units modernized. This presents a value-add opportunity to renovate the remaining two units, further enhancing the property's income potential. The property boasts twelve parking spaces and offers a compelling pro-forma cap rate of 10.47% and a pro-forma NOI of $44,601. The asking price is $426,000. Detailed operating costs and income statements are available upon request. Showings of vacant units can be arranged. Showings of occupied units will only be conducted after contract ratification. This multifamily property in Nash County is an excellent addition to any investor's portfolio. The property is classified as Class C.

Highlights

  • Four of six units have been recently renovated.
  • Value-add opportunity exists for the remaining two units.

Property Details for 604 Arrington Ave

Property type
Apartment buildings
Class
C
Year Built/Renovated
1935/2022
Buildings
2
Stories
1

Location Insight

City
Rocky Mount
County
Nash
State
North Carolina
Latitude
35.9272883
Longitude
-77.8140711

FAQs

What type of property is this?
Apartment building - Six-unit apartment building, high ROI potential.
Where is the apartment building located?
The property is located at 604 Arrington Ave Rocky Mount, NC.
What is the asking price?
The asking price for this property is $426,000.
What are key features of this property?
This property features: Four of six units have been recently renovated.; Value-add opportunity exists for the remaining two units.;
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
604 Arrington Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message