1716 Lynne AVE, Rocky Mount, NC 27801
1716 Lynne AVE, Rocky Mount, NC 27801
1716 Lynne AVE, Rocky Mount, NC 27801
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Jim Duncan

Jim Duncan

+1(336) 509-1907
Listed by Deaton Investment Real Estate
$4,200,000
Est. payment /mo
4 Beds
2 Baths
1,940 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,940 sqft

Price per Sqft $2,164

Subdivision Meadowbrook

MLS Listing ID 10144144

Bedrooms 4

Full Baths 2

HOA Y/N No

Year Built 1978

Annual Tax Amount $2,005

Property Sub-Type Duplex

Source Doorify MLS

Land Area 1940

Property Description

Selling as a package - The ''JLJB'' Rental Portfolio opportunity includes 61 properties, totaling 77 units, with 56 properties (71 units) located in Rocky Mount, N.C. and the remaining 5 properties (6 units) located in nearby Tarboro, N.C. Most of the properties have been owned and managed by members of the same family since construction. This is a great value-add opportunity to acquire a predominantly single-family rental portfolio with scale with the ability to increase rents and net income through physical and operational improvements. Additionally, the bulk pricing represents discount-to-market pricing for many of the individual homes. An investor could renovate and resale properties individually, at a profitable spread.

Location

State NC

County Edgecombe

Community Meadowbrook

Zoning R6

Interior

Heating See Remarks

Cooling Other

Flooring Varies, See Remarks

Fireplace No

Exterior

Parking Features See Remarks

Roof Type Shingle, Asphalt

Garage No

Building

Story One, Two

Foundation See Remarks

Water Public

New Construction No

Others

Tax ID 376948936500

Acceptable Financing Cash, Other

Listing Terms Cash, Other

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Jim Duncan

Jim Duncan

+1(336) 509-1907

Associate Broker/Partner License ID: 194088

Associate Broker/Partner License ID: 194088

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