NEW ROCKWOOD – 50 UNITS IN ROCKY MOUNT, N.C.

PRICE:
$ 3,150,000
STATUS:
Sold
ADDRESS:
1301 Leggett Rd, Rocky Mount, NC 27801, USA
OVERVIEW:

SOLD 11/17/2022 FOR $3,150,000
$63,000.00 per unit

Deaton Investment Real Estate was the exclusive listing firm and was the sole broker in this transaction. New Rockwood Apartments is located in the sprawling suburb of Rocky Mount, N.C., a rapidly-growing market with easy access to I-95 and U.S.-64, which connects this community to markets like the Triangle (Raleigh, Durham, Chapel Hill), Wilson, and Greenville. Built in 1971, the property features 20, two-bedroom and 30, three-bedroom units in all one-story buildings.

Located just minutes northeast of downtown Rocky Mount, the property is within two miles of numerous retail, dining, entertainment, and big-box stores. Over the last year, rents have increased more than 11% in Rocky Mount.  This asset is well-maintained and offers investors the opportunity to acquire a property with income upside through organic growth, operational improvements, and strategic value-add improvements.

 

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
20 UNITS 2BD/1BA 754 SF $750
30 UNITS 3BD/1BA 984 SF $815
PROPERTY INFORMATION
PIN 3860-36-8772
Tax Value $1,031,936
Taxes $16,872.15
Lot Size 8.03 ACRES
Year Built 1971
Exterior BRICK & SIDING
Floors CARPET, VINYL, LVP
Foundation CRAWL SPACE
HVAC CENTRAL AIR/HEAT PUMP
Utilities TENANT PAYS UTILITIES
Legal Description LANCASTER LD & APTS
Appliances RANGE, REFRIGERATOR, DISHWASHER, MICROWAVE, WASHER/DRYER CONNECTION
Sold Date 2022-11-17
Zoning R6

Location Map

NEW ROCKWOOD – 50 UNITS IN ROCKY MOUNT, N.C.
Address: 1301 Leggett Rd, Rocky Mount, NC 27801, USA Price: $ 3,150,000 Unit: