Street Address: 719-727 Branch St Rocky Mount, NC 27801Asking $100,000Est. Repair $100,000 Est. Repaired Value $315,000 (35k per unit)Potential Gross Profit $115,000 Investors Delight! Here is a building with 9 units multi family apartment complex located 5 minutes away from a newly built 50 million dollar Downtown Event Center and tons of new renovations. The state headquarter for DMV is locating to Rocky Mount. Edgecombe County has received close to 1 billion dollars of investment in the last eighteen months ( source: Norris Tolson Carolina Gateway Partnership) This apartment complex comes with 3 3 bedrooms 2 baths, and 6 1 bedrooms 2 baths apartment. 3 of the 1 bedrooms units received fire damage and needs Full Rehab, approximately $100k in work needed. Apartments in the area are renting approximately for $500 - $800 per month. ARV is approximately 315k.
Extra Information for 719-727 Branch St Rocky Mount Rocky Mount, NC
- Seller Type: By Owner
- Category: Multi-Family Residences for Sale
- Year: 1989
- Listed Date: Feb 05, 2020