10 PROPERTY PORTFOLIO IN ROCKY MOUNT VA

Franklin County, Rocky Mount, VA, 24151
Sold
Listed at: May 15th, 2023
Price
$750,000
ARV
$1,200,000
Gross Margin
$450,000
Sq. Footage
2000
Type
Multifamily
Parking
Carport
Year build
1978
Lot size
2.00 acres
Bedrooms
4
Bathrooms
3
Half Bathrooms
0
Summary

10-property portfolio in Rocky Mount, VA..


This portfolio consists of fully rented properties, providing an immediate and reliable cash flow. What sets this investment apart is the remarkable potential it holds for increasing equity through under-market rent adjustments and strategic rehabilitation.


At present, the properties are rented below their market value, which means there is ample room to raise rental rates and maximize your income potential. With month-to-month leases in place, you have the flexibility to implement these adjustments smoothly and without delay. By gradually increasing the rental rates to align with the market, you can significantly enhance your cash flow and overall returns.


But the opportunities for value appreciation don't stop there. Each property within this portfolio offers tremendous potential for rehabilitation. With a well-planned approach to renovations and improvements, you can elevate the quality and desirability of each unit, attracting higher-paying tenants and justifying increased rental rates. This strategic rehabilitation not only improves the rental income but also enhances the equity of the properties, providing long-term benefits for your investment portfolio. OVER 40 Acres included in this sale with a 35 Acre tract on one parcel.


Don't miss out on this extraordinary chance to acquire a 10-property portfolio in Rocky Mount, VA, at an amazing price. The combination of under-market rents and the potential for equity growth through rehabilitation makes this an investment opportunity you won't want to overlook. Act now and seize this incredible deal by contacting us to learn more. Your future success in the real estate market awaits!



WALKTHROUGH WILL BE SCHEDULED ASAP, PLEASE INQUIRE IF INTERESTED, POF REQUIRED FOR WALKTHROUGH. LIMITED PICTURES AVAILABLE, INQUIRE TO RECEIVE FULL SET OF PHOTOS


11 Stone Ln, Rocky Mount, VA

2/1 SFH, Tenant Pays $550/MO


45 Stone Ln, Rocky Mount, VA

2/1 SFH, Tenant Pays $550/MO


61 Stone Ln, Rocky Mount, VA

2/1 SFH, Tenant Pays $550/MO


262 Briar Mountain Rd, Rocky Mount, VA

Mobile Home, 3/1 Tenant pays $500/MO


264 Briar Mountain Rd, Rocky Mount, VA

Brick Ranch 3/1, Tenant Pays $800/MO, 35 ACRES with parcel.


266 Briar Mountain Rd, Rocky Mount, VA

Brick Ranch 3/1, Tenant Pays $850/MO


518 Briar Mountain Rd, Rocky Mount, VA

3/2 Mobile Home, Tenant pays $500/MO


585 Doe run Rd, Rocky Mount, VA

3/2 Mobile Home, Tenant pays $500/MO


90 Samuel Ln, Rocky Mount, VA

Brick Split Level Home, 4/3 $850/MO


1742 Fruitridge Dr, Penhook, VA

Brick Ranch 3/1 $650/MO



Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Seth Redman

No reviews

Disposition manager