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1110 Clark Street
Rocky Mount, NC 27801
Asking Price
$325K
Cap Rate
6.87%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 6.87% CAP | 4 Units <ul><li>1982 Quadplex w/ 1 vacant unit</li><li>Current rents range from $625-$725</li><li>Projected 10.37% Cap rate at market rent ($750)</li><li>Vinyl Siding</li><li>Vinyl Windows</li><li>Asphalt Shingle Roof</li><li>Large asphalt parking lot</li><li>Brick Breezeway</li><li>Baseboard heat</li><li>Window Unit AC other than 1110 Clark St. Unit B which has a mini split w/ date code 2024</li></ul>
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NOI
$80,000
Cap Rate
24.62%
DSCR
4.15
Strong
Cash-on-Cash
62.26%
Monthly Payment
$1,607.923
Annual Cash Flow
$60,704.928
