Five-Duplex Multifamily
New
For Sale
$750,000
901 Planters, Rocky Mount, NC 27801
Ten two-bedroom units are individually metered, with tenants paying utilities directly to providers.
Property Size8,700 SF
Price / SF$86.21
Days on Market3
Property Features for 901 Planters
General Information
Standard status
Active
Size
8,700 SF
Property subtype
Commercial
Units
Unit Mix
10 x 2BR/1BA
Multifamily Units
10
Individually Metered Utilities
unspecified utilities
Additional Details
Cap Rate
8.25%
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,738
Building Details
Year Built
1984
Buildings
5
Listing Agency:
BRADDOCK REALTY
(888) 731-1710
Listed By:
BEN BRADDOCK · License #287536
(252) 567-1851
Source:
Corcoran
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 23 at 4:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BRADDOCK REALTY
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Investment Insights
Based on property information with market context.
This multifamily portfolio consists of five duplex buildings containing 10 two-bedroom, one-bathroom units across approximately 8,700 square feet. Each structure dates to 1984. Four buildings have metal roofs, while the fifth has a shingle roof.
Two units are vacant. The reported cap rate is 8.25% at current occupancy, with a projected 10.53% once stabilized. Tenants pay utility providers directly through individual meters.
Two units are vacant. The reported cap rate is 8.25% at current occupancy, with a projected 10.53% once stabilized. Tenants pay utility providers directly through individual meters.
Key Highlights
- Five duplex buildings with 10 total units
- 10 two‑bedroom, one‑bathroom apartments across approximately 8,700 square feet
- Two units are vacant
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Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
208
Businesses Nearby
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Business Placement
Demographics for 27801, NC
19,043
Population
9,162
Households
2.1
Avg Household Size
41
Median Age
15%
College-Educated
83%
High-School Grad
66.8 sq mi
ZIP Area
285
Density / Sq Mi
$41,696
Median Household Income
$32,390
Median Earnings
$850
Median Rent
$108,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Ten two-bedroom units are individually metered, with tenants paying utilities directly to providers.
Where is this multifamily property located?
The property is located at 901 Planters Rocky Mount, NC.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Five duplex buildings with 10 total units; 10 two‑bedroom, one‑bathroom apartments across approximately 8,700 square feet; Two units are vacant
