514-520 Suburb Street, Rocky Mount, NC 27801
- Beds
- 8
- Baths
- 4
- Sqft
- 2,820
View property features, location on map, relevant school information and overview from seller's agent.
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Overview
Two single-story side-by-side duplexes (4 units total) located at 514-520 Suburb St.
All 2bed/1bath units
Built in 1985 and 100% occupied, total of 2,820 square feet
Slab on grade foundation
Brick exterior
Metal roof on 518/520 Suburb Street
Asphalt shingle roof on 514/516 Suburb Street
Current Cap Rate: 11.37%
Projected Cap Rate: 12.18% (with modest rent increase to $800/unit market rent)
Current NOI: $33,891
NOI at Market Rent: $36,291
All tenants are on month-to-month leases at $750/mo
All units are individually metered and tenants pay water and electricity directly to providers; trash is included on tenants' water bill.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of bedrooms
- 8
- Number of bathrooms
- 4
- Square feet
- 2,820
- Lot size (acres)
- 0.30
- Year built
- 1985
Utilities
- Heating
- Central
- Cooling
- Central air
- Sewer
- Public sewer
- Water
- Public
Taxes
- Tax Annual Amount (2025)
- $1,225.30
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Triangle MLS MLS®#: 10156293 Last checked: …
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