600 S Vyne Street Rocky Mount, NC 27803
4,170 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,170 sqft
Price per Sqft $112
MLS Listing ID 10156515
Abv Grd Liv Area 4,170
Year Built 1980
Annual Tax Amount $2,924
Lot Size 0.460 Acres
Acres 0.46
Property Sub-Type Multi Family
Source Triangle MLS
Property Description
Built in 1980 and 100% occupied, total of 4,170 square feet
Brick exterior
Single story w/ crawl Space
Central HVAC in all units
Metal Roof
Current Cap Rate: 11.03%
Projected Cap Rate: 11.55% (with modest rent increase to $800/unit)
Current NOI: $51,640
NOI at Market Rent: $54,040
All tenants are on month-to-month leases ranging from $750-800/mo
All units are individually metered and tenants pay water and electricity directly to providers; trash pickup is included on tenants' water bill.
Occupied units will not be shown until under contract
Location
State NC
County Nash
Direction Turn off US-301 onto Arbor Ln, at the end of the road merge onto Bethlehem Rd, turn left onto Hammond St. at the first light, drive 1 mile and turn right onto S Vyne St. 600 S Vyne St will be on the right
Exterior
Private Pool No
Building
Faces Turn off US-301 onto Arbor Ln, at the end of the road merge onto Bethlehem Rd, turn left onto Hammond St. at the first light, drive 1 mile and turn right onto S Vyne St. 600 S Vyne St will be on the right
Story 1
Level or Stories 1
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 025635
Special Listing Condition Standard
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