118 S Grace St, Rocky Mount, NC 27804

Beds
18
Baths
14
Sqft
9,465

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Listed byJulie Wright Realty Group LLC
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Overview

Downtown Villas is a turnkey portfolio of 10 furnished residences operating within one centralized community in Rocky Mount. Currently operating as extended-stay housing. Generating approximately $214,000 in annual revenue and over $131,000 in NOI, the portfolio combines cash flow with operational infrastructure, individually deeded parcels, and embedded growth opportunities. 3 duplexes and 4 townhomes in one location, with income expansion opportunity to add two ADUs in the rear. All units have been renovated or are newly built, requiring minimal maintenance. Smart systems included security and electronic keypads. Property Address (with Bedroom/Bathrooms): 118 S Grace St (2/2), 122 S. Grace St (2/1.5), 128 S Grace St (1/1), and 4 townhomes on Western Ave (2/1.5 each). Current photos are posted for the 118 S Grace St duplex. See the videos for an overview of the entire portfolio. All units are renovated and fully furnished. Interested investors should reach out for additional details, including photos for all units, the pro forma, and other investment questions. Investment highlights - Turnkey multifamily property: 3 duplexes and 4 townhomes, fully furnished - Built or renovated: 2023-2025, requiring minimal maintenance - Purpose-built for extended-stay furnished housing - Income expansion potential: add two additional ADUs on two parcels (10 12 units) - Cash Flow: $214K+ Revenue, $131K+ NOI - Operational Infrastructure: Established systems provide operational efficiencies and management flexibility, with self-management upside - Established guest reputation: 100+ Reviews - Proximity to UNC Health Nash, Rocky Mount Mills, Downtown Rocky Mount, I-95 access

Location

Full feature list

Basic info

Property type
Townhouse
Number of stories
2
Number of bedrooms
18
Number of bathrooms
14
Square feet
9,465
Lot size (acres)
0.73
Year built
2023

Interior features

Laundry
Inside

Utilities

Heating
Heat Pump
Cooling
Heat Pump
Sewer
Public Sewer
Water
Public Water

Taxes

Tax Annual Amount (2025)
$7,686

Public schools

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Sourced from: Triangle MLS MLS®#: 10179982 Last checked:

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