Property Description:

Street Address: 719-727 Branch St Rocky Mount, NC 27801 Asking $100,000 Est. Repair $100,000 Est. Repaired Value $315,000 ** (35k per unit) Potential Gross Profit $115,000 Investors Delight!!!! Here is a 9 unit multi family apartment complex located 5 minutes away from a newly built 50 million dollar Downtown Event Center and tons of new renovations. The state headquarter for DMV is locating to Rocky Mount. Edgecombe County has received close to 1 billion dollars of investment in the last 18 months ( source: Norris Tolson Carolina Gateway Partnership) This apartment complex comes with Three 3 bedrooms 2 baths, and Six 1 bedroom 2 baths apartment. Three of the 1 bedrooms units received fire damage and needs Full Rehab, approximately $100k in work needed. Apartments in the area are renting approximately for $500 - $800 per month. ARV is approximately 315k. Gross Potential Income - $5400 County Taxes - $1,647.24 Insurance - $800 Multiple new employers have moved and are moving to Rocky Mount, NC, fueling a real estate market resurgence of both new construction and revitalization of existing neighborhoods, headed by the more than half a BILLION dollar new plant by Triangle Tire Company, plus other new employers, including: ? Pfizer ? Corning ? CXS Intermotor Terminal Don't miss the growth and have regrets. Call us today to put this Great Deal under contract.