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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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118 S Grace St , Rocky Mount, NC 27804
$1,995,000
Est. Payment: $10,280.65/mo
18 Bed
14 Bath
9465 Sqft
Status: active | Days on site: 18
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House 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

Highlights

Listed by Stuart Powell , 919-482-9842 Julie Wright Realty Group LLC , 919-847-7140. Triangle MLS, Inc. of North Carolina mls logo

Property Type

Multi-Family

Lot/Acreage
0.73

Year Built

2023

County

Nash

Neighborhood

Not in a Subdivision

Listing ID

10179982

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:18
  • Bathrooms:14
  • Full Bathrooms:11
  • 1/2 Bathrooms:3
Appliances:Microwave, Refrigerator, Stainless Steel Appliance(s), Washer/Dryer
Air Cond:Heat Pump
Fireplaces:
Floor:Vinyl
Above Ground Sq Ft:9465
Below Ground Sq Ft:0
Other:Public

Exterior Features

Lot:Corner Lot
Roof:Shingle
Sewer:Public Sewer
Parking Features:Asphalt,Common,Open
Principal Interest
$10,281
Taxes
$641

Home Price

$1,995,000

Loan Details

30 yrs
6.683%

Down Payment

20%
$399,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$10,280.65

Principal

Taxes

Principal Taxes HOA Total
Monthly $10,280.65 $640.50 $0.00 $10,921.15
Yearly $123,367.75 $7,686.00 $0.00 $131,053.75
Total $3,701,032.45 $230,580.00 $0.00 $3,931,612.45

Today's Rates

30 Year

6.68%

20 Year

6.55%

15 Year

6.13%

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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.

Information Not Guaranteed.
Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.
©2026 Triangle MLS, Inc. of North Carolina. All rights reserved.

Data last updated: 2026-08-01T17:23:47.000Z

© 2026 Triangle MLS, Inc. of North Carolina

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