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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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1716 Lynne Ave , Rocky Mount, NC 27801
$4,200,000
Est. Payment: $9,333.33/mo
4 Bed
2 Bath
1940 Sqft
Status: Active | Days on site: 226
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3162 - 90367
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House 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.

Highlights

Listed by Thomas Furlow , 919-412-3913 Deaton Investment Real Estate , 919-847-1117.

Property Type

Multi-Family

Year Built

1978

County

Edgecombe

Neighborhood

Meadowbrook

Listing ID

10144144

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:2
  • Full Bathrooms:2
Floor:Varies,See Remarks
Above Ground Sq Ft:1940
Below Ground Sq Ft:0
Water:Public

Exterior Features

Zoning:R6
Roof:Asphalt,Shingle
Sewer:Public Sewer
Parking Features:See Remarks
Principal Interest
$9,333
Taxes
$167

Home Price

$4,200,000

Loan Details

30 yrs
%

Down Payment

20%
$840,000
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Monthly Price:
$9,333.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $9,333.33 $167.13 $0.00 $9,500.47
Yearly $112,000.00 $2,005.58 $0.00 $114,005.58
Total $3,360,000.00 $60,167.40 $0.00 $3,420,167.40

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Rocky Mount, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.