Description
Investor Special! Quadruplex in Rocky Mount 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!
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8BEDS
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0.3ACRES
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4BATHS
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41/2 BATHS
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3,968SQFT
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$48$/SQFT
School Information
Listing courtesy of Providence Realty Group LLC: . © 2025 Doorify MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.
Description
Investor Special! Quadruplex in Rocky Mount 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!
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Inc. of North Carolina, Internet Data Exchange Database. Data last updated 2025-12-10T09:51:06.61.