118 S Grace ST, Rocky Mount, NC 27804
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118 S Grace ST, Rocky Mount, NC 27804
118 S Grace ST, Rocky Mount, NC 27804
118 S Grace ST, Rocky Mount, NC 27804
118 S Grace ST, Rocky Mount, NC 27804
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Listed by Julie Wright Realty Group LLC
$ 1,995,000
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118 S Grace ST Rocky Mount, NC 27804

18 Beds

14 Baths

9,465 SqFt

UPDATED:

Key Details

Property Type Townhouse

Sub Type Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 9,465 sqft

Price per Sqft $210

Subdivision Not In A Subdivision

MLS Listing ID 10179982

Bedrooms 18

Full Baths 11

Half Baths 3

HOA Y/N No

Year Built 2023

Annual Tax Amount $7,686

Lot Size 9,465 Sqft

Acres 0.73

Property Sub-Type Townhouse

Source Doorify MLS

Land Area 9465

Property Description

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

State NC

County Nash

Community Not In A Subdivision

Area 0.73

Interior

Cooling Heat Pump

Flooring Luxury Vinyl

Fireplace No

Appliance Microwave, Washer/Dryer

Exterior

Parking Features Asphalt, Common, Open

Roof Type Shingle

Garage No

Building

Lot Description Corner Lot

Story Two

Water Public

New Construction No

Others

Tax ID 024863

Security Features Security System

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Doorify MLS
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118 S Grace ST