JEFFRIES COVE – 152 UNITS IN ROCKY MOUNT, NC

PRICE:
$ 15,000,000
STATUS:
Sold
ADDRESS:
92 Jeffries Cove, Rocky Mount, NC 27804, USA
OVERVIEW:

SOLD 10/28/2022 FOR $15,000,000
$98,685 per unit

Deaton Investment Real Estate represented the buyer and was the sole broker in this off-market transaction. Located in Rocky Mount, N.C., Jeffries Cove is a 152-unit apartment community situated across approximately 13.03 acres. Built in 1987 and 1996, Jeffries Cove features one-, two-, and three-bedroom floorplans. At the time of sale, this asset had an average rent of approximately $545. This property presents a rare opportunity to acquire a property from its original developer with tremendous upside in rent growth through value-add improvements.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
20 UNITS 1BD/1BA 800 SF $500-$545
128 UNITS 2BD/2BA 1,100 SF $545-$600
4 UNITS 3BD/2BA 1,300 SF $640
PROPERTY INFORMATION
PIN 385111761353, 385111763235
Tax Value $5,287,890
Taxes $35,428.26
Lot Size 13.03 ACRES
Year Built 1987, 1996
Exterior BRICK, WOOD
Floors CARPET, VINYL, LVP
Foundation CRAWL, SLAB
HVAC CENTRAL HEAT & AIR
Utilities OWNER PAYS COMMON AREA ELECTRIC
Legal Description CONSULT TAX RECORDS
Appliances RANGE, REFRIGERATOR, DISHWASHER, W/D CONNECTIONS
Sold Date 2022-10-28
Zoning RESIDENTIAL 6K SQFT

Location Map

JEFFRIES COVE – 152 UNITS IN ROCKY MOUNT, NC
Address: 92 Jeffries Cove, Rocky Mount, NC 27804, USA Price: $ 15,000,000 Unit: 152