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.
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 |
Agent Information Michael Deaton
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