2004 S Church ST Rocky Mount, NC 27803
4 Baths
3,968 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 3,968 sqft
Price per Sqft $36
Subdivision Not In A Subdivision
MLS Listing ID 10154867
Full Baths 4
HOA Y/N No
Year Built 1972
Annual Tax Amount $1,333
Lot Size 3,968 Sqft
Acres 0.3
Property Sub-Type Quadruplex
Source Doorify MLS
Land Area 3968
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
Community Not In A Subdivision
Area 0.3
Interior
Cooling Central Air
Flooring Combination
Fireplace No
Exterior
Parking Features Common
Roof Type Shingle
Garage No
Building
Story Two
Foundation Slab
Water Public
New Construction No
Schools
Elementary Schools Nash - Williford
Middle Schools Nash - Rocky Mount Middle School
High Schools Nash - Rocky Mount High
Others
Tax ID 303012
Acceptable Financing Cash
Listing Terms Cash
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