604 Arrington AveRocky Mount, NC 27803
- Residential income properties
Property Details for 604 Arrington Ave
- Year built
- 1935
- Property type
- Residential income properties
- Property subtype
- Multifamily properties
Description
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.
Location Insight
- City
- Rocky Mount
- County
- Nash
- State
- North Carolina
- Latitude
- 35.9273
- Longitude
- -77.8141
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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