501 Magnolia DR new Save Request In-Person Tour Request Virtual Tour
Rocky Mount,NC 27801
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,112 sqft
Price per Sqft $75
Subdivision Not In Subdivision
MLS Listing ID 100510702
Style Wood Frame
Bedrooms 4
Year Built 1978
Annual Tax Amount $1,071
Lot Size 0.321 Acres
Acres 0.32
Lot Dimensions 140 x 100
Property Sub-Type Quadruplex
Source Hive MLS
Property Description
Don't miss this chance to own a quadplex in the heart of Rocky Mount! This well-maintained multi-family property features four one bedroom, one bathroom units, offering a solid foundation for immediate rental income and long-term growth. Three of the units are currently occupied by long-term tenants who would like to remain, providing stable and reliable cash flow from day one. One unit is vacant giving new owners the flexibility to rent at current market rates or even occupy themselves. This is a rare opportunity to purchase multiple doors at once in a growing rental market.
Location
State NC
County Edgecombe
Community Not In Subdivision
Zoning R6
Direction Follow US-64 E to US-301 BUS/N Church St in Rocky Mount. Take exit 469 from US-64 E. Follow US-301 BUS/N Church St and E Grand Ave to Magnolia Dr.
Rooms
Basement None
Interior
Interior Features None
Heating Baseboard,Electric
Cooling Wall/Window Unit(s)
Flooring Carpet,Vinyl
Fireplaces Type None
Fireplace No
Exterior
Parking Features Off Street
Roof Type Architectural Shingle
Porch Porch
Building
Story 1
Entry Level One
Foundation Raised
New Construction No
Schools
Elementary Schools Coker-Wimberly
Middle Schools Rocky Mount Middle
High Schools Southwest Edgecombe
Others
Tax ID 386001670200
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional