2004 S Church Street Rocky Mount, NC 27803
8 Beds
8 Baths
3,968 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,968 sqft
Price per Sqft $47
Subdivision Not In A Subdivision
MLS Listing ID 10124494
Style Multi Family,Quadruplex
Bedrooms 8
Full Baths 4
Half Baths 4
HOA Y/N No
Abv Grd Liv Area 3,968
Year Built 1972
Annual Tax Amount $672
Lot Size 0.300 Acres
Acres 0.3
Property Sub-Type Quadruplex
Source Triangle MLS
Property Description
Calling all investors - incredible opportunity with huge upside! This four-unit property offers a total of 3,968 sq ft across four spacious 2 bedroom, 1.5 bath units (each 992 sq ft).
Property needs a full rehab and will not qualify for conventional financing - cash or hard money only. The heavy lifting has already been done: both a professional appraisal and renovation estimate are in hand, and the seller is willing to complete the rehab turn-key for approximately $150,000 (depending on finishes).
Appraised Value (Sales Comparison): $312,000
Appraised Value (Income Approach): $339,000
Section 8 Approved Rent: $1,130 per unit
Projected Rental Income: $4,528/month
With four income-producing units, Section 8 rent approval, and the potential to deliver turn-key, this property is a true diamond in the rough. Don't miss your chance to secure a cash-flowing asset in Nash County!
Location
State NC
County Nash
Direction GPS
Interior
Heating Central
Cooling Central Air
Flooring Combination
Exterior
View Y/N Yes
Roof Type Shingle
Porch Covered, Rear Porch
Private Pool No
Building
Faces GPS
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Brick Veneer,Vinyl Siding
New Construction No
Schools
Elementary Schools Nash - Williford
Middle Schools Nash - Rocky Mount
High Schools Nash - Rocky Mount
Others
Senior Community No
Tax ID 375918312612
Special Listing Condition Standard
