514-520 Suburb Street, 12 Rocky Mount, NC 27801

12 Rocky Mount
Local realty services provided by:ERA Strother Real Estate
514-520 Suburb Street,Rocky Mount, NC 27801
$298,000
  • 8 Beds
  • 4 Baths
  • 2,820 sq. ft.
  • Multi-family
  • Pending
Listed by: benjamin david riegel, ben braddock
Office: braddock realty
MLS#:10156293
Source:RD

Price summary

  • Price:$298,000
  • Price per sq. ft.:$105.67

About this home

Two single-story side-by-side duplexes (4 units total) located at 514-520 Suburb St. All 2bed/1bath units Built in 1985 and 100% occupied, total of 2,820 square feet Slab on grade foundation Brick exterior Metal roof on 518/520 Suburb Street Asphalt shingle roof on 514/516 Suburb Street Current Cap Rate: 11.37% Projected Cap Rate: 12.18% (with modest rent increase to $800/unit market rent) Current NOI: $33,891 NOI at Market Rent: $36,291 All tenants are on month-to-month leases at $750/mo All units are individually metered and tenants pay water and electricity directly to providers; trash is included on tenants' water bill.

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Home facts

  • Year built:1985
  • Listing ID #:10156293
  • Added:44 day(s) ago
  • Updated:May 14, 2026 at 07:41 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Full bathrooms:4
  • Flooring:Vinyl
  • Basement Description:Crawl Space
  • Living area:2,820 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Roof:Asphalt, Metal
  • Year built:1985
  • Building area:2,820 sq. ft.
  • Lot area:0.3 Acres
  • Construction Materials:Brick
  • Foundation Description:Slab
  • Levels:One

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$298,000
  • Price per sq. ft.:$105.67
  • Tax amount:$1,225

Parking

  • Parking description:Gravel
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