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
Coming Soon! Quadplex with 2 2bed/1bath units and 2 3bed/1bath units Slab on grade Shingle roof Vinyl siding Tenants pay all utilities directly to utility provider Rents range from $750-825
528-532 Matthews St features three units with a mix of stability and opportunity. The middle unit is currently leased at $700/month, providing immediate cash flow, while the two end units are vacant and rent-ready, allowing you to place your own tenants at current market rates immediately. All 3 units are 1bed/1bath Individually metered water/sewer Slab on grade foundation Beautiful painted exposed brick in each kitchen/living room No renovation delay—the 2 vacant units are clean, updated, and ready for occupancy.
If you're looking to add to your portfolio, this is a great opportunity. Both units are currently occupied, providing immediate cash flow from day one. With established tenants already in place, this duplex offers a steady income stream. Whether you're a seasoned investor or looking to grow your real estate holdings, this property is an excellent addition to any investment portfolio. Don't miss the chance to own an income-producing property.
If you're looking to add to your portfolio, this is a great opportunity. The property already has a reliable tenant in place, providing immediate rental income, while the second unit is vacant.
INVESTOR SPECIAL! Don't miss this incredible opportunity to bring new life to this duplex with tremendous income-producing potential. Each unit features 2 bedrooms and 1 bathroom, offering a desirable layout for future tenants or owner-occupants looking to offset their mortgage with rental income. This property is in need of a complete remodel and is being sold as-is, making it the perfect project for investors, contractors, flippers, or anyone looking to build equity through renovation. With the right vision and updates, this duplex has the potential to generate strong rental income or become a profitable resale opportunity. Whether you're looking to expand your investment portfolio, create a multi-generational living arrangement, or develop a cash-flowing asset, this property offers endless possibilities. Conveniently located with easy access to local amenities, shopping, dining, and major roadways. Bring your tools, creativity, and imagination—opportunities like this don't come around often. Schedule your showing today and unlock the full potential of this promising duplex! Listing firm does not hold EMD. This is an Entry only listing. Please contact Caleb Brittain at 984-400-5516 for all showings, questions and offers.
Property owned by US Dept of HUD Case # 381-9518353. Insurable Code UI (UnInsurable). Sold ''AS-IS''. EHO. Subject to appraisal. Seller makes no representation or warranties as to property condition. Seller may contribute up to 3 percent for buyer's closing costs upon buyer request.
1982 Quadplex w/ 1 vacant unit Current ents range from $625-$725 Projected 10.37% Cap rate at market rent ($750) Vinyl Siding Vinyl Windows Asphalt Shingle Roof Large asphalt parking lot Brick Breezeway Baseboard heat Window Unit AC other than 1110 Clark St. Unit B which has a mini split w/ date code 2024 Interior pictures are from vacant unit
Great investment opportunity at 400 Midway St! This duplex is currently fully rented and income-producing, making it the perfect turn-key property for the next investor to step in and start collecting from day one. With both units occupied and generating steady rental income, this is an ideal addition to any growing portfolio. Don't miss your chance to secure a performing asset with built-in cash flow.
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.
New construction duplex offering modern living in a highly convenient location. Each unit features 3 spacious bedrooms, 1-car garage, open-concept floor plans, and stylish, quality finishes. Modern efficient systems and appliances throughout. Ideal for owner-occupants, multigenerational living, or investors seeking strong rental potential. Easy access to highways, walking distance to local amenities, close to hospital and local airport. Photos shown are of a similar completed home and are for illustrative purposes only.


Rocky Mount is located in North Carolina. Rocky Mount, North Carolina has a population of 54,375. Rocky Mount is less family-centric than the surrounding county with 16.82% of the households containing married families with children. The county average for households married with children is 24.49%.
The median household income in Rocky Mount, North Carolina is $46,396. The median household income for the surrounding county is $52,837 compared to the national median of $69,021. The median age of people living in Rocky Mount is 41 years.
The average high temperature in July is 89.9 degrees, with an average low temperature in January of 29.7 degrees. The average rainfall is approximately 45.1 inches per year, with 2.3 inches of snow per year.